R5.5bn for jobs fund

2012-10-25 14:23 - Mzwandile Jacks
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Pretoria - Finance Minister Pravin Gordhan on Thursday told parliament that about R5.5bn will be allocated to the jobs fund over the medium-term expenditure framework (MTEF) period.

Its initial allocations have been reduced owing to slow progress in establishing administrative capacity, but the approved R9bn is expected to be fully committed over a five-year period, he said.

"An amount of R1bn has been shifted from the jobs fund allocation over the 2013 MTEF to other labour market priorities," Gordhan said.

Additional allocations would be made in the 2013 budget to the department of labour’s public employment services and the Council for Conciliation, Mediation and Arbitration in preparation for amended labour legislation.

"Supplementary funding will also be provided to maintain factories that provide jobs for disabled workers. Government also seeks to expand employment opportunities through a wide range of public works and special employment programmes."

Over the medium term, the department of public works will spend over R4bn in incentive grants to expanded public works projects implemented by provincial departments and municipalities.

The community work programme would receive about R7.6bn over the next three years and environmental programmes at least R8.5bn.

Additional funds would also be made available to NGOs that participate in the non-state sector employment programme to support their contribution to job creation.

Funding for the community work programme will increase by an annual average of 25% over MTEF period.

 - Fin24

 

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