Tag Archives: job creation

SA economy set to improve

South Africa’s economy has been forecasted to grow somewhere between 3.5 and 3.8 percent this year, up from -7.1 and 2.8 percent over the last two years respectively.

The Financial and Fiscal Commission disclosed this on Monday, suggesting the fact that growth confirmed the economy was healing from the recession.

In spite of the optimistic picture, a great deal still is required to be accomplished as unemployment, poverty, inequality and low growth continued, it stated.

The commission tabled before Parliament its unbiased and professional recommendation for 2012 and 2013.

Responding to the media, the commission’s Deputy Chair Bongani Khumalo stated that it was up to Parliament to implement their recommendations. Khumalo revealed that in spite of the provision of social grants, poverty continued to be high among “black and female-headed households.”

Sub standard educational and health outcomes are in the same manner skewed against the poor, he explained, adding that “distorted settlement patterns” meant those same people happen to be located out of towns as well as in rural areas.

 

He explained that although government had made steps in accomplishing its social goals, it ought to focus on challenges of inequality, poor educational attainment and child maternal mortality.

Looking into the future, Khumalo said, the critical concern for the country would be to “strike an equilibrium around inclusive growth and job creation along with fiscal sustainability and low inflation.”

He emphasised that national, provincial and local government will need to “further prioritise expenditures with respect to equitable share and conditional grants for 2012/13, in order to meet the Millennium Development Goals (MDGs).”

He advised government to prioritise the achievement of universal education and propel the fight against HIV and Aids.

In dealing with local government concerns, Khumalo said the commission thought that “sustainable development is anchored in a well-functioning local government sector and lively urban economies specifically.”

He explained national and provincial treasuries’ attempts to enhance the credibility of municipal budgets as a result of annual benchmarking will need to continue to be supported combined with results made public.

Furthermore, government need to “develop and support peer learning and support programmes that will help poorly performing municipalities.”

He suggested that increases in education spending ought to be redirected towards “investments designed to have the most significant influence on quality.” That, he said, involved learner and teacher support material and scholar transport.

Source: BuaNews

NARYSC program to skill and provide jobs for rural youth

The National Rural Youth Service Corps (NARYSC), a body focusing on youth, will more than simply generate work opportunities but in addition helps prepare younger generation to become significantly better individuals and foot soldiers with regard to their respective communities.

Intended to harmonize with the government’s job creation model, the undertaking is directed primarily at creating job opportunities but additionally at uplifting the countryside with services and infrastructure.

The goal is generally to at the same time make it possible for the rural youth “fish for themselves” since they can be absorbed into the mainstream of the country’s economy as a result of obtaining necessary skills, says President Jacob Zuma.

The programme was initially created by the Department of Rural Development this past year when it focused on at least 10 000 youths from poor rural areas.

Speaking in Dysselsdorp, in Western Cape, Zuma silenced comments that questioned today’s official unveiling associating it to the forthcoming local government elections, declaring the municipality was a Comprehensive Rural Development Programme (CRDP) site due to excessive rate of unemployment and poverty.

 

“It is no coincidence that the younger generation in rural areas have been asked to participate in developing the basis for sustainable socio-economic development in rural areas.

“Socio-economic development in rural communities -together with the youth being at the centre of such developments – supports the Department of Rural Development and Land Reform’s strategy to develop rural areas,” said Zuma.

In most cases seriously affected with unemployment, illiteracy, deficiency of skills, poverty and shortage of access to basic services, this is certainly very good news for rural youth. The programme concentrates on youth aged between 18 and 35 years who have Grade 10 or Standard 8 school reports, who will be trained in technical, artisan and social-work skills over two years.

Necessary skills to be learnt are influenced by requirements and needs in rural areas, motivated as a result of household and community profiles.

Zuma talked about 500 participants who graduated not too long ago from a seven-week non-military training course at the De Brug Military Base in Bloemfontein ,included in the programme, where they where taught and practiced self-discipline, courage, leadership and patriotism.

In December this past year, an additional 600 participants experienced a 10-day skills development programme at Further Education and Training (FET) Colleges in the Western Cape, where they were trained in subject matter including decision-making, citizenship and life skills orientation.

“Virtually all these types of programmes are created to prepare the younger generation to generally be better persons and foot soldiers for their respective communities,” said Zuma.

He explained the programme bears testimony that the government is without a doubt steadfast on its desire to do away with poverty, fight crime and other social problems impacting on youth within rural areas.

Government is rushing towards enhancing well-located informal settlements and providing proper service and land tenure to at least 500 000 households by 2014.

Source: BuaNews

21st World Economic Forum on Africa commences

The 21st World Economic Forum on Africa, which is to be attended by in excess of 900 participants from 60 countries, commences in Cape Town.

The three-day conference will focus on precisely how sub-Saharan Africa can maintain its growth path and turn into one of the pillars of global growth and demand.

To be organised within the subject, Shaping Africa’s Role in the New Reality, the conference is going to take place against the background of the growing global acknowledgment of Africa’s development potential.

Finance Minister Pravin Gordhan, the lead minister for WEF, remarked that in redefining the nation’s association with the world, South Africa’s message was indeed shifting beyond the focus on its abundant cultural diversity.

“We are currently showcasing our accomplishments in the areas of science, technological innovation, financial services and our acknowledgement as a systemically crucial member of the international community.

“In our hosting of WEF Africa, we will with certainty declare that South Africa is definitely responding to the new reality,” he said.

Finance Minister Pravin Gordhan

Gordhan mentioned the nation is without a doubt perfectly positioned in the changing poles of power and economic growth, not merely as an emerging market, but more as a leading economy on a continent this is certainly an invaluable partner within the global economy as well as being home to roughly 15 percent of the world’s population.

“All of us are formidable supporters of inclusive growth, job creation, and the diversification of the economy,” the minister claimed.

He added the fact that South Africa has been actively taking part and adding to positions developed in global policy making.

“We may also be assuming a progressively more significant place in the global arena. We are one of the non-permanent members on the United Nations Security Council, the sole African nation to be a member of the G20, as well as not too long ago, we have obtained a seat at the table of the Brazil, Russia, India, China and South Africa forum (BRICS), which, with its inhabitants in excess of 3 billion people, functions as a significant platform for global dialogue and cooperation.”

Certainly one of concerns to be talked about at the WEF Africa will most certainly be just how African economies will be able to mitigate their exposure to the volatility and unpredictability in commodity prices and ways in which the continent can bolster its voice in multilateral community forums much like the G20 and the Seventeenth Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 17). The COP 17 conference is going to be organised in Durban in December.

President Jacob Zuma

As being the largest economic system on the continent, South Africa has long been and definitely will continue to utilize its seat on multilateral fora, along with the International Monetary Fund, the World Bank and the G20, to boost Africa’s interests.

South Africa will in addition take advantage of its membership of BRICS to improve Africa’s voice in the world.

Africa’s enhanced economic prospects have mainly been due to steps undertaken by African nations themselves to get rid of political conflicts, improve governance and develop improved macroeconomic conditions.

Despite the fact that Africa will definitely reap the benefits of globalisation, which is certainly most likely to spur demand for commodities, the continent’s expansion into the future will probably be influenced by social and demographic shifts currently underway.

The South African Government delegation to WEF Africa will be headed by President Jacob Zuma, who is going to be accompanied by the following ministers:

* Pravin Gordhan: Minister of Finance
* Trevor Manuel: Minister of National Planning: The Presidency
* Rob Davies: Minister of Trade & Industry
* Ebrahim Patel: Minister of Economic Development
* Tina Joemat-Pettersson: Minister of Agriculture, Forestry & Fisheries
* Malusi Gigaba: Minister of Public Enterprise
* Marthinus van Schalkwyk: Minister of Tourism
* Dipuo Peters: Minister of Energy
* Edna Molewa: Minister of Water and Environmental Affairs
* Naledi Pandor: Minister of Science and Technology

Several South African business people will in addition participate in the WEF conference.

Source: BuaNews

Tourism to generate more than 10 000 work opportunities

Tourism Minister Marthinus van Schalkwyk

The National Department of Tourism is going to bring about 10 270 full time work opportunities in the current financial year, along with roughly 530 small rural enterprises will most likely at the same time be supported, according to Tourism Minister Marthinus van Schalkwyk.

Presenting his department’s Budget Vote, van Schalkwyk said the work opportunities will likely be created via the Social Responsibility Implementation (SRI) programme and the Tourism Enterprise Partnership (TEP).

The department in addition planned to invest R253 million in 2011 financial year to finance tourism projects which had been aligned to the Expanded Public Works Programme.

“We believe that this will likely make it easier for the transfer of wealth to poor and rural communities by amongst others guaranteeing ownership of assets as well as the facilitation of skills development,” he explained.

Strategies were in addition going ahead to boost the volume of foreign tourist arrivals to South Africa from 7 million in 2009 to 15 million by 2020, not to mention tourism’s overall contribution towards the economy from R189 billion in 2009 to R499 billion by 2020.

The quantity of domestic tourists may possibly also increase from 14.6 million in 2009 to 18 million by 2020 and in addition create 225 000 new jobs by 2020.

Van Schalkwyk explained that government bodies would undoubtedly at the same time be utilizing the department’s budget to promote new growth by being able to access markets unlocked by the World Cup.

“In this perspective, we envisage maximising the importance of our involvement in numerous international and regional tourism platforms. We will look for cooperation together with other African partners to be able to make a difference to the economic prosperity of our continent as a result of tourism.”

The department is going to further develop a Tourism International Relations Strategy to tactically guide our events at multi-lateral level, which includes South Africa’s involvement in the BRICS formation.

The travel and leisure sector, subsequently, also embraces the projected launch by South African Airways of a non-stop service to New York in May 2011 as well as a direct service to China towards the end of 2011, in addition to Air France’s scheduled launch of a completely new thrice weekly non-stop service from Paris to Cape Town in November 2011, stated the minister.

With regards to responsible and low carbon tourism, van Schalkwyk explained he has been worried about the deficiency of harmonisation of accreditation certification and labelling within the tourism industry.

There was clearly a number of “very admirable” private sector and civil society driven initiatives which have produced systems of integrity, but “most of these are typically in silos and really should find broader application.”

“This regulatory vacuum with regards to the tourism sector regrettably produces the space for abuse and green-washing. Furthermore, it is not going to effectively reward those who work in the industry that do engage in leadership functions simply by investing in low carbon, ethical, clean and green tourism transformation,” said van Schalkwyk.

The department is going to in the near future publish the National Minimum Standard for Responsible Tourism in the current financial year. The minister explained these kinds of benchmarks will deal with numerous proportions of green and responsible tourism, which includes biodiversity conservation, energy consumption and water use.

Source: BuaNews

Black Economic Empowerment under the spotlight

President Jacob Zuma

One of the main flaws around the enactment of Black Economic Empowerment (BEE) most likely was the over-emphasis on the subject of diversity of ownership together with senior management.

This has been one of several crucial concerns brought up during the Black Economic Empowerment Advisory Council meeting, chaired by President Jacob Zuma on Friday, which reviewed how to take the program of economic transformation into the future as well as encourage inclusive growth.

“The unintentional results of this specific over-emphasis is without a doubt fronting along with tender abuse. We are satisfied of the fact that the Council spoke out so firmly in opposition to fronting which happens to be one of the leading obstructions to the implementation of BBBEE.

“Fronting is unquestionably an insult to the dignity of the poor and in addition we are required to respond decisively in opposition to it. I am delighted of the fact that the Council is so motivated to work together with us to do something against this heinous practice,” Zuma said.

As reported by the Presidency, there was clearly a special focus on the implementation of the New Growth Path along with the role of Broad-Based Black Economic Empowerment (BBBEE) with regard to job creation during the meeting.

Specifically, the meeting emphasized the fact that BBBEE was not simply about big business deals for a handful of individuals in society but at the same time required a hand in empowering common citizens.

“With regard to this, the Council consider it necessary for the consistent enactment of broad-based BEE in every one of the sectors of the economy, with the intention that the policy touches the lives of a lots more people,” the Presidency said.

The meeting furthermore pointed out that BBBEE was in fact central to inclusive growth. Help and support was given to provisions of the New Growth Path which in turn demands a much more resilient focus on the broad-based components of the BEE regulations.

This included ownership by communities and workers, greater skills development along with career-pathing for all those working people, ongoing help and support for small enterprise and cooperatives, together with a completely new focus on procurement from local producers in an effort to assist job creation.

The meeting at the same time remarked that in order to contribute to job creation, BBBEE is required to, amongst others, encourage new enterprise development, stimulate local procurement and additionally make improvements to skills development and employment equity.

Participants additionally concluded that fronting would have to be exterminated coupled with effective mechanisms, and this includes possible punitive measures against those responsible for and guilty of fronting practices, would have to be put in place to stamp it out.

“It was decided that government, together with the help and support of the BBBEE Advisory Council, would definitely guarantee a revision of the BBBEE Codes in order to promote job creation, investment in small business and cooperatives, broad-based ownership and employment equity,” the Presidency said

The Council at the same time proposed that government will need to immediately make sure that appropriate monitoring and evaluation of the implementation of the BBBEE Act.

Source: BuaNews