Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

EU money to 'improve lives'

Sep 11 2009 21:43

Related Articles

EU gives SA R1.3bn jobs grant

Govt: Jobs target will be met

US private equity fund eyes SA

IMF: SA's recovery imminent

Angola to receive $1bn loan

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

 
Share Share line Print
Kleinmond - With a deal that provides close to R1.3bn to help create employment in South Africa, the European Union and the British government are aiming, they say, to improve peoples' lives here.

After signing the deal at the EU/SA summit on Friday, Karel de Gucht, the commissioner for development and humanitarian aid and a former Belgian foreign minister, said: "With this new relationship we continue to build on our already extensive cooperation and trust that our commitment will go some way to strengthening South Africa in its pursuit of the millennium development goals."

According to Trade and Industry Minister Rob Davies, who signed on behalf of South Africa, the purpose of the programme is to assist the economic sector departments of government to speed up economic growth and provide more and better jobs for poor people.

It will also, Davies said, help increase the technical capacity of economic cluster civil servants to support the framework response to the economic crisis agreed in February. It will enable better planning and coordination across departments in the three clusters.

Government departments in the economic sectors will have access to additional funds to promote skills development and initiate programmes that expand the capacity of the productive economy. It is also expected to increase joint planning and cooperation across the clusters, and also with civil society and the private sector.

National government will also be able to access funds to partner provincial and local government, research institutions, labour and civil society to find new ways of stimulating higher growth and so employment.

- I-Net Bridge

 
 
Comment on this story
0 comments
Comments have been closed for this article.
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...