Today's Labour News

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employment thumb100 News24 reports that according to Najwah Allie-Edries, head of National Treasury’s Jobs Fund, South Africans must realise that in the current economic climate it takes blood, sweat and tears to create jobs.  

She was speaking on Tuesday in a panel discussion on public private partnerships as a way to create jobs at the Accelerating Inclusive Youth Employment conference.  The R9bn Jobs Fund was started in 2011 with the goal of thinking differently about how to grow the SA economy and create jobs.  Sustainability and value for money are key factors, as well as the ability to move communities forward.  Currently the Jobs Fund has more than 100 partners, who have been able to scale their operations with input from the fund.  "We can talk about the number of projects, the number of placements and the number of new jobs created, but the most important for the fund has been the partnerships we made and the leverage we could achieve in this way," said Allie-Edries.  So far, the Jobs Fund has approved 127 projects.  It has allocated R6.7bn in grant money and obtained a commitment of R9.5bn in matched funding.

  • Read this report by Carin Smith in full at Fin24

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