Fin24

Private sector proposals sought on jobs

2011-02-17 16:26

Cape Town - The government's new jobs fund will invite proposals from the private sector for projects that can create self-sustaining employment, President Jacob Zuma said on Thursday.

It would also canvass municipalities and state agencies for ideas that could create jobs, he said in his reply to the debate on his state of the nation address.

Zuma announced the R9bn fund last week, as part of a range of measures designed to achieve the state's target of creating five million new jobs by 2020.

It also includes the Industrial Development Corporation (IDC) investing R10bn in projects with job growth potential over the next five years.

On Thursday, he said the IDC initiative was already on track.

"As we speak, officials from the IDC are assessing options for supporting investment in more labour-intensive industries."

Zuma said the government would not lose sight of black economic empowerment (BEE) goals as it steps up the fight against unemployment, which is hovering around 25%.

"We need to ensure that transformation does not fall by the wayside as we forge ahead to build our economy and create much-needed jobs."

The Black Economic Empowerment Advisory Council, set up last year and chaired by Zuma, has made a range of policy recommendations on economic empowerment that would be taken to the cabinet.

"These address issues such as BEE fronting, refinement of the codes of good practice, regulation of the verification industry, as well as aligning our policies on BBEE with policies on preferential procurement," he said.   

Comments
  • SF - 2011-02-17 16:57

    As long as the labour laws get tighter in favour of the unions and so that the ANC curries maximum flavour with the ignorant populace, no other tricks will create jobs. Make it easier to hire good competent people and easier to fire incompetent and lazy and deviant people, and to allow the market, not enforced laws, to determine wages, then you will see change.

  • Michael - 2011-02-17 17:15

    OK Zuma, you want us in private sector to help 5mil people get work. To start you have to muzzel the unions. Next you have to rewrite the labour laws. Then scrap the AA and BEE charter. Then make all government projects available to private sector without payments or favours for tenders.

  • kevinmet - 2011-02-17 17:34

    While I do agree on involving the pvt sector in job creation, this sounds like another great opportunity for friends and family of the ANC hierarchy to fill their pockets.. Hope I'm wrong but the past certainly speaks for itself.

  • brian smith - 2011-02-17 17:47

    JZ you made the promises you clearly could not perform and now you try to divert your problem to the pvt. sector so when it does not happen as it surely will not you can blame the pvt. sector. We are not stupid. Start by cutting cabinet ministers salaries and perks in half, introduce serious penalties for tenderpreneurs and corruption, change the labour laws and make doing business easier and you might, just might start on the road to increasing employment. Otherwise it will be nothing other than a wet dream of the ANC.

  • MP LETUKA - 2011-02-17 18:16

    MY PRES ZUMA HAS BROAD PLAN TOWARD ELIMINATING POVERTY AND PROVIDING JOBS FOR U'r POOR BROTHERS AND SISTER; AS US SML ENTREPRENEUR HAS PLAN AND STRATEGY TO HELP U'R PEOPLE AT LARGE COZ U'R GOVERNMENT WILL NEED HELP FROM U'S AS SKILLED ENTREPRENEUR FOR SKILL DEVELOPMENT AND TRAINING OF U'R PEOPLE THAT WILL CREATE JOBS KEEP IT UP MY BLACK PRESIDENT

  • Nasdaq7 - 2011-02-17 18:22

    Labor intensive industries. Not the most profitable industries. No. Eventually these labor intensive workers will join a union and demand "a decent salary". Then government will wish it had created jobs in the most profitable industries.

  • Saliem - 2011-02-17 18:33

    For starters government can subsidise employers who employ peeps with dependants receiving state grants. That way the grant is cancelled and the burdon is shifted away from the state.

  • Investor - 2011-02-17 18:52

    Present policies hinder major investment, and job creation.Education is another shortfall, hiring will not begin properly until the above are correct.

  • frans - 2011-02-17 20:11

    no comment thanx gus

  • Investor - 2011-02-17 21:49

    Zuma my brother from another mother dont try and re-invent the wheel look to the other BRIC countries policies for creating growth and jobs...they are succeeding why cant we? Get it right, create growth and jobs and you get my vote !!!!

  • James Peterson - 2011-02-18 08:22

    How much did they set aside for job creation? 50 billion? The tenderpreneurs must be frothing at the mouth. No wonder Malema loved Zuma's speech so much. The poor will suffer the most. It's unfortunate but just another beautiful day in Africa. So much wealth on this continent yet the people have not yet learnt how to harness it. Europe has left a bad taste in the African's mouth yet they invite China over with open arms, little do they know how they are to be used and abused once again.

  • Doped - 2011-02-18 10:34

    By all the comments, bottom line is still the labour laws and unions restricting jobs but Zuma and Vavi/Craven are totally deaf.Deregulating the labour laws would allow the govt to fire incompetent parastatel CEO's without paying millions for them to resign (and retire). Added to this is all the Govt wastage, corruption and kissing parties with R1500 bottles of whisky etc. From a govt that killed people to gain power to a govt that is letting the people die of starvation, illness and aids. Now the private sector must come to the party cause Zume and co never had a plan in the first place....What's new...?

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