Today's Labour News

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southafricalogoBusinessLive reports that the government's Jobs Fund is beginning to yield results and more than 220,000 sustainable jobs have been created to date, MPs heard on Tuesday.  

Briefing members of the standing committee on appropriations, Najwah Allie-Edries, head of the National Treasury’s Jobs Fund, said that since 2011 the fund had facilitated the creation of about 168,000 permanent and nearly 53,000 short-term jobs.  The R9bn Jobs Fund was launched in 2011 to support initiatives that pilot innovative approaches to employment creation.  Allie-Edries said the fund was not intended to tackle the structural causes of low growth and unemployment, with many other government initiatives directed at those.  “Rather, the Jobs Fund is an opportunity to complement these efforts with a targeted programme of support for effective labour market interventions that promise job creation in the short to medium term, and will provide a knowledge base of successful job creation models that can be replicated by government and the private sector to achieve maximum impact over the long term.”  Allie-Edries indicated that a large proportion of job creation took place in the agriculture sector, followed by micro businesses, wholesale and retail trade, admin and support, and ICT.

  • Read the full original of Bekezela Phakathi’s report on this story at BusinessLive


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