South Africa News

More than 400 000 jobs created – President Cyril Ramaphosa

The presidential employment stimulus plan is on track to create thousands of job opportunities, the presidency says.

President Cyril Ramaphosa announced the employment stimulus initiative earlier this year as part of an effort to create employment opportunities following many people losing their jobs due to the coronavirus pandemic.

The move was announced as part of a broad effort to reconstruct the economy as it recovers from the pandemic, Ramaphosa had said.

President Cyril Ramaphosa

It is meant to see the creation of 800 000 opportunities with R13 billion committed in the first year and over R100bn committed to employment opportunities by the government for the next three years.

“This is being achieved through an unprecedented expansion of public and social employment, as well as through the protection of existing jobs in vulnerable sectors and support for livelihood and enterprise opportunities,” the presidency said.

In a short progress report posted on the presidency’s website on Tuesday, just over 400 000 employment opportunities had been created.

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Source: IOL

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