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President hails Jobs Summit a success


President Cyril Ramaphosa has called on all stakeholders to roll-up their sleeves and create the jobs South Africa desperately needs.

Rampahosa was speaking at the closing of the two-day Jobs Summit, which aims to create 275 000 direct jobs per year and tackle the triple challenge of unemployment, poverty and inequality, that took place in Midrand recently.

The President lauded the summit for achieving its target which was to carve a roadmap on how to drive job creation and job retention as well as boost the country’s economy.

The framework agreement signed on the first day of the summit was highlighted by the President as providing a clear and direct plan to address the staggering unemployment which sits at 27.2%.

Practical solutions

The historic framework agreement includes practical actions such as:

  • Investment R100 billion (over five years) in black enterprises and firms in the industrial sector;

  • Commitments at the sectoral and company level to support local procurement of goods and services to boost employment and job retention;

  • 5 billion for a new Smallholder Support Fund and R1.5 billion for the Township Enterprise Fund;

  • Various interventions to create career pathways for the youth through programmes at TVET Colleges, the Installation Repair and Maintenance Initiative, and in the fields of health and, travel and tourism;

  • Expansion of a Hub Model and incubators for SMME development;

  • Up-scaling the implementation of the 30% set aside of government spend for SMMEs and co-operatives;

  • Building of 48 catalytic human settlement projects which will provide 635 0000 housing opportunities by 2019;

  • Establishment of nine Agri-parks to promote agriculture and agro-processing and value chain;

  • Community-based and owned approaches to fast track rural water access;

  • Increasing recycling tonnage to 2.7-million tonnes over five years;

  • Establishing a Presidential Climate Change Co-ordinating Commission; and

  • Commitment to support the anti-corruption strategy and implementing a zero-tolerance approach to corruption.

The President concluded that all actions would be tracked through a monitoring framework and quarterly reports on progress will be provided to ensure that they have real impact.


LINK : http://www.infrastructurene.ws/2018/10/08/president-hails-jobs-summit-a-success/

Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER


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