Jobs fund will be rigorously monitored – Zuma

2011-02-14 07:40

The money set aside by government to create jobs would be “rigorously” monitored, President Jacob Zuma said yesterday.

“The performance and monitoring department is going to look at what has happened. There is going to be rigorous monitoring as to what is being done by all of us towards creating jobs,” Zuma said in an interview on SABC TV.

In his state of the nation address on Thursday, Zuma announced the establishment of a jobs fund of R9 billion over the next three years to finance new job creation initiatives.

In addition, the Industrial Development Corporation had set aside R10 billion over the next five years for investment in such economic activities with a high job creation potential, he told Parliament.

He also announced R20 billion tax breaks to promote investments, expansions and upgrades in the manufacturing sector.

Zuma said that the government would ensure that vacancies in various departments were filled.

“We are not going to allow vacancies. They must be filled,” he said.

He urged the private sector to do its part by hiring graduates.

“How do you allow skilled people to swell the ranks of the unemployed? In fact, you could find a way to deal with it,” Zuma said.

“Those are the issues we are going to deal with. We have skilled labour that has no experience. What do we do with them?
“We can’t just live with them and say because they are not skilled, let them join the ranks [of the unemployed],” he said.

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