The National Youth Development Agency (NYDA) has chalked up its fifth consecutive clean audit as pronounced by Auditor General Kimi Makwetu.
The Agency also recorded a zero rating on unauthorised and wasteful expenditure along with meeting 100 percent of its annual performance targets.
NYDA Executive Chairman Sifiso Mtsweni said the “milestone”was down to a “high-performance culture within the agency,” backed by a board committed to “utilizing resources to improve the lives of South Africa’s young people.”
Mtsweni added that amidst a challenging economic climate, the NYDA managed to pay service providers within 30 days.
NYDA CEO, Wassim Carrim said the agency had spent its entire budget allocation, with 70 percent going to products and services, and not a cent in unauthorized or wasteful expenditure.
The NYDA said 1103 youth-owned enterprises were supported through its Grant Programme.
The NYDA reiterated its call for a collective effort from all sectors of society to give meaning to its goals of placing 1 million young people in jobs and funding and supporting 100 000 youth entrepreneurs.