The Citizen reports that 100 enterprises and 1,000 jobs on offer to local applicants is a development that could not have come at a better time for the country’s jobless youth, if this week’s South Africa-China Economy and Trade Association (SACETA) job fair is anything to go by.

The SACETA job fair is taking place on Thursday at the Gallagher Conference Centre in Midrand, and will be addressed by Department of International Relations and Cooperation Deputy Minister Alvin Botes, Employment and Labour Minister Thulas Nxesi, Chinese ambassador to South Africa Chen Xiaodong, SACETA vice-president Chen Longjian and Huawei South Africa CEO Fan Wen. The event has set a target of offering 1,000 jobs to unemployed South Africans, largely the youth. This as 100 blue chip Chinese companies based in South Africa have set a target of offering close to 20,000 jobs to locals in the next three years. Commenting on the SACETA initiative, University of Johannesburg economics professor Peter Baur said: “These prospects are good and create all kinds of positive impacts – especially through the multiplier process. This means that the income earned, will have a far larger impact on the economy. Income always translates into savings, which may become investment in the future. Such income and spending relationship, will positively stimulate business in other sectors.”

• Read the full original of the report in the above regard by Brian Sokutu at The Citizen

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