On Friday, 10 September 2021, young technology entrepreneur Rivo Mhlari, together with Nedbank, hosted the sixth and final YouthX Live event for 2021. With the focus on technology and innovation, Mhlari gave insights on the current state of the Fourth Industrial Revolution in Africa, and trends and opportunities that are waiting for young people in the tech industry. As part of his masterclass, the 27-year-old co-founder and CEO of Rikatec shared his journey: he spoke about how he started his business at the age of 23, the importance of mentorship and networking, and how to turn an idea into a business and more.

The sixth instalment of YouthX Live had three segments (Money Talks, TalkX and Power Panel) and also featured other young leaders in the industry, including Chipo Mushwana, who is the Executive of Emerging Innovation at Nedbank; Alexandria Procter, co-founder of DigsConnect.com; and Sam Wright, e-sports host and shoutcaster. As part of the Power Panel, the speakers discussed their own entrepreneurial journeys, lessons and views on technology and innovation in South Africa.

Speaking on Africa’s previous and current landscape, Mhlari said that Africa has essentially missed the opportunities of the Second and Third Industrial Revolutions. ‘The continent is home to 16,3% of humanity but home to less than 1% of the world’s billion-dollar companies and only about 4% of global GDP. Africa cannot afford, nor does it have to miss the possibilities of the Fourth Industrial Revolution,’ he said. ‘Smart nations are being created – there’s investment in infrastructure, ensuring that people are getting connected. Although we’re moving at a slower pace, innovation hubs and technology labs are being built.’

YouthX is a programme launched in March 2021 and designed to unlock young people’s potential by giving them the opportunity to learn from other young changemakers like Mhlari, Sho Madjozi, Rich Mnisi, Theo Baloyi and more, who are well on their way to becoming leaders in their respective fields.

‘We are exceptionally delighted to have hosted such an informative and insightful final YouthX Live; Rivo is truly a changemaker and inspiration to the youth. We hope that young people have learnt and drawn inspiration not only from Rivo but all our changemakers over the past seven months. The past two years have been difficult for the country, especially for young people with high unemployment rates,’ said Nedbank’s Group Executive for Marketing and Corporate Affairs, Khensani Nobanda. ‘We have received a good response from the youth of South Africa through this programme and our hope is that they’re now even more inspired and ready to unlock their potential. We also urge those between the ages of 18 and 25 to enter their work for the 2021 YouthX Awards, for a chance to win life-changing prizes and opportunities that will help them in their businesses and careers,’ she said.

To learn more about YouthX and how to enter for the 2021 YouthX Awards, visit: www.unlocked.me/potential.

If you missed out on any of the last five YouthX Live events, you can watch them on the Unlocked.Me YouTube channel by clicking on this link:www.youtube.com/channel.

Follow the below social-media pages to stay connected, get the latest updates, and learn more about YouthX.

https://www.instagram.com/unlocked_za/

https://www.instagram.com/nedbank/

About Nedbank YouthX 

YouthX has three pillars:

  • YouthX Live, a series of virtual events hosted by changemakers and industry experts with the purpose of giving access to resources and inspiring the youth, and sharing financial education and insights based on each category.
  • YouthX Change, an Unlocked.Me website where the youth can read blogs, watch video content, and enter the YouthX Awards.
  • YouthX Summit, a youth festival where the YouthX Awards winners will be announced. The entries opened in July 2021 and entrants stand to win prize money, mentorship, creative learning experiences, networking opportunities and gadgets to the value of R2,2 million to kick-start their journeys to becoming future changemakers.

The changemakers are multidisciplinary, award-winning South African designer Rich Mnisi (Fashion and Beauty); activist, business owner, writer and TEDx speaker Candice Chirwa (Social Good and Sustainability); former Banyana Banyana captain Amanda Dlamini (Sports and Wellness); entrepreneur in the technology and innovation space Rivo Mhlari (Technology and Innovation); founder and CEO of Bathu Shoes, Theo Baloyi (Business and Finance); and the multitalented SAMA and BET award-winner Sho Madjozi (Arts and Entertainment). 

YouthX forms part of the Unlocked.Me platform, a beyond-banking platform that aims to unlock youth potential. Since launching Unlocked.Me in 2019, Nedbank has supported youth with over 600 000 Smart CVs, with a professional CV typically costing R200. Some 617 100 users have saved over R123 million using this feature alone.

Through this initiative, Nedbank has helped South African youth complete over 180 000 courses to improve their employability, and helped over 73 000 learners with a combination of career guidance, and university, bursary and National Student Financial Aid Scheme (NSFAS) applications. Nedbank was also one of the first companies to sign the CEO Pledge for the Youth Employment Service (YES) initiative.

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