Fin24

State fund costs R4m per job

2012-12-04 09:48

Johannesburg - The government's Jobs Fund has spent R3bn since its launch last year to create 745 jobs - at a cost of R4m a job, Business Day reported on Tuesday.

The fund has been set up to spend R9bn over three years to create 150 000 jobs, and is managed by the Development Bank of South Africa (DBSA).

"If the country is to solve its unemployment crisis, we have to find new ways of doing new things," fund spokesperson Brian Whittaker was quoted as saying.

The fund was intended to lower the cost and risk barriers that prevented innovation, partnerships and job creation from becoming a reality.

Some 54 projects had so far been approved, but only 27 had been allocated to contractors for implementation, the daily reported.

Once all projects were implemented, 65 000 jobs would be created, according to Whittaker.

 

Comments
  • frank.vankaapstad - 2012-12-04 09:59

    Wow, you guys are really doing a great job! I think you better keep finding new ways of doing things because by the sound of things what you are doing now isn't working.

      bennie.kruger.5 - 2012-12-04 10:12

      You cannot expect a RAT to make Cheese !!

      frank.vankaapstad - 2012-12-04 10:25

      Mo Shaik is CEO of DBSA...talk about rats.

      rupesh.hari.7 - 2012-12-04 11:23

      4million for each job. I want one of those jobs. lol.

      saintbruce.bruce - 2012-12-04 12:47

      In simple economics the cost to create a job should be less than 5% of the value of the job itself. Look at the self confessed FAIL: Target 150 000 jobs - complete all projects = 65 000 jobs ! Fire this crew, claw back the wasteful expenditure and get professionals on the task. What type of jobs were created - Space Cadets?

  • ron.bilyard - 2012-12-04 10:02

    Is there anything that cANCer doesn't stuff up?

  • thaluki.malema - 2012-12-04 10:02

    More proof of the incompetency of the corrupt ANC government. That money had probably disappeared into a few ANC government official’s' wallets.

  • dm.farmerjoe - 2012-12-04 10:02

    scans indicate large scale cANCer

  • shaun.knoesen.9 - 2012-12-04 10:10

    I wonder how many underprivileged kids could have received a proper education had those fund been used for bursaries?

      enlightened.bowman - 2012-12-04 15:46

      where you going to find decent education in this place? Fact is a large % of teachers can not pass the subjacts they teach

  • bob.small.7547 - 2012-12-04 10:16

    Veeeeery efficient indeed! Well done president Zuma and all your cadres under you…! You are all a model for the rest of Africa! In fact you should tutor the western world about how to be sooo economically efficient in creating employment!

  • altus.kirsten - 2012-12-04 10:16

    In your dreams!

  • Eterni80 - 2012-12-04 10:17

    let me guess, cANCer people ?

  • linda.duits - 2012-12-04 10:19

    Holy crap! More incompetence and corruption!How many schools could have been built, how many teachers could have been employed, what about hospitals and the upgrading of those.

  • earthian.earthian - 2012-12-04 10:28

    So in effect, you have spent 33% of you budget to obtain 0.5% of your target... Outstanding work DBSA!!!

  • terence.wessels - 2012-12-04 10:29

    Ooh eh eh. Ok, I know what to do comrades. Let us bill a complex in Jozi for 4 million, then we can explain one job at least? And no, you can't cut my Nkandla budget wena. Mashiniwam mashiniwam lmao!!

  • bev.lundie - 2012-12-04 10:29

    This is what happens when those leading the country never had a formal education... its more like 1 million for me, 1 million for you, another million for me and oh wait... seriously I am sure the world is pissing themselves!!!

  • osmaseko - 2012-12-04 10:30

    and the DA wants the Youth wage subsidy to go ahead. Isn't that going to cost us even more seeing that one job costs 4mil?

      frederick.kaczynski - 2012-12-04 10:40

      if the DA administers it.. NO... if the ANC administers it.. YES.

      grant.neill.16 - 2012-12-04 10:44

      Yes but it will incentive companies to employ more young people, who will get experience and eventually pay tax!!

      smit.jacques - 2012-12-04 11:57

      Ok take the 9 Billion Rand tax money budgetted on this.. Invest this at a fixed rate of say 7.5% Thats R675Mil on interest per year.. R56.25mil per month that can be spent on job subsidies.. Lets say R2000 subsidy per unskilled/unexperienced youth. That 28125 new job opertunities without spending a cent of the capital value.. After 6months those youths should have worked hard enough to make their job skills to a level that secures a good job, and the funds can be invested in a new unskilled/experienced worker...

  • douglas.reid.921 - 2012-12-04 10:30

    That's about on par. The state is the most inefficient, wasteful way to get anything done and then its not done properly anyway. DA could do this much better.

  • brettgarnerza - 2012-12-04 10:30

    Why not give some money to the WC farmers - who can then up their staff wages?

  • thadelphukem.completely - 2012-12-04 10:32

    WTF!!! Only in SA hey... Not surprising when the ANC is stuffing up everything in the country...

  • freda.peens.9 - 2012-12-04 10:39

    Why doen the goverment not make it as easy as pie. There is approx 14million working people in S A, not sure how many middle class, but lets say half equals 7 million, give each person a 1 million retrenchment package tax free and you have created 7 million jobs without plans to be approved contractors that can steel etc. easy as pie

  • stanton.clarke - 2012-12-04 10:40

    Blerrie hell,cant this government do something right for a change!

  • attie.gerber.1 - 2012-12-04 10:43

    no wonder 4 mil to create a job if you take the pass rate on maths is only about 13 to 17 %

      kevin.mcdonagh.315 - 2012-12-04 10:52

      Attie you will be proved wrong by the matric results that are coming. You will see massive improvement in maths with just about all passing. Granted pass rate is only 5% now.

  • nathi.ntshobodwana - 2012-12-04 10:49

    A Nation is compulsive spending.......

  • avremel.niselow - 2012-12-04 10:51

    Would it not make more sense to use this money to give tax incentives for businesses? Oh wait... That would be helping the evil capitalists, far better to waste the money.

  • vaughan.lund - 2012-12-04 10:52

    So it would cost SA R52,000,000,000,000 to find jobs for the 13,000,000 South Africans that are actively looking for work. A welfare state is suddenly looking attractive. Damn we have stupid idiots running this country.

  • fly.onthewall.54 - 2012-12-04 10:55

    Why not just give each guy a million and stop waisting time...

      juannepierre - 2012-12-04 12:42

      Wow, that's an overwhelming amount of zamalek.

  • bryan.culross - 2012-12-04 10:56

    Interest at say 6% on R4 million is R240 000 per annum and I guess most of the new jobs don't pay anything near that.

  • allan.m.levitt - 2012-12-04 11:04

    Hey Mr. Government I want job no. 746...Nope, I just changed my mind. Rather give me R4million and I can retire.

  • ian.robertreid - 2012-12-04 11:06

    Jeepers creepers! cost to install 4million per job~ no wonder some cats ride fancy cars? lets hope that cash is not beingsifted

  • SarelJBotha - 2012-12-04 11:09

    This whole fund was and is just another way to funnel taxes into the pocket of ANC supporters. This is wholesale theft and several people should at least be in jail for this, including the people who gave permission for this fund to even come into existence.

  • wayne.faulds - 2012-12-04 11:11

    So what has the R3 billion been spent on?

  • alex.richards.94064 - 2012-12-04 11:14

    they could have trained a few hundred professionals that could have started businesses that could create jobs. what did the consultants get?

  • siphoza.zandela - 2012-12-04 11:22

    What a lot of crap that our stupid black goverment spends billions to create a few hundred jobs, typical Zuma and his camp. The sad part is the stupid people still vote for him as he is just a stupid black face and he is un-educated and like malema says" We have a president who can’t read" hence Ju Ju fat boy has 50 new criminal charges against him. Speak of the cancer devils. When will our fellow black brothers and sister wake up to the fact that Zuma is pulling the wool and the curtains over our black brothers and sisters faces.... Eish as a black female, I’m sorry to say but our black brothers and sister aren’t the brightest crayons in the box of rainbow colours....Eish

      solo.mathe.5 - 2012-12-04 12:52

      there's a difference between hating on the Govt incompetence and hating on Africans as a people. So you, whatever your name is, must try and keep your racism in check...

  • siphoza.zandela - 2012-12-04 11:22

    Wat 'n klomp crap wat ons dom swart regering spandeer miljarde om 'n paar honderd werksgeleenthede, tipiese Zuma en sy kamp te skep. Die hartseer deel is die dom mense nog steeds stem vir hom want hy is net 'n dom swart gesig en hy is un-opgeleide en soos Malema sê: "Ons het 'n president wat nie kan lees" vandaar Ju Ju vet seun het 50 nuwe kriminele aanklagte teen hom. Praat van die kanker duiwels. Wanneer sal ons mede-swart broers en suster wakker te word aan die feit dat Zuma die wol en die gordyne oor ons swart broers en susters gesigte trek .... Eish as 'n swart vrou, ek is jammer om te sê, maar ons swart broers en suster is nie die helderste kryte in die boks van reënboog kleure .... Eish

  • siphoza.zandela - 2012-12-04 11:23

    Was für eine Menge Mist, dass unsere dummen schwarzen goverment Milliarden ausgibt, um ein paar hundert Arbeitsplätze, typisch Zuma und sein Lager zu schaffen. Der traurige Teil ist die dummen Menschen immer noch für ihn zu stimmen, da er gerade ist eine dumme schwarzes Gesicht und er ist un-gebildeten und wie Malema sagt: "Wir haben einen Präsidenten, der nicht lesen kann", also Ju Ju fat boy 50 neue Strafanzeigen hat gegen ihn. Sprich der Krebs Teufel. Wann werden unsere Kolleginnen und schwarzen Brüder und Schwester aufwachen, um die Tatsache, dass Zuma zieht die Wolle und die Vorhänge über unsere schwarzen Brüder und Schwestern Gesichter .... Eish als eine schwarze Frau, es tut mir leid zu sagen, aber unsere schwarzen Brüder und Schwestern sind nicht die hellsten Buntstifte in der Schachtel der Regenbogenfarben .... Eish

  • siphoza.zandela - 2012-12-04 11:23

    Ce que beaucoup de conneries que notre goverment stupide noir dépense des milliards pour créer quelques centaines d'emplois, typique Zuma et son camp. Le plus triste est les gens stupides quand même voter pour lui car il est juste un visage stupide noir et il est non-éduqués et comme Malema dit: «Nous avons un président qui ne savent pas lire», d'où Ju Ju Fat Boy dispose de 50 nouvelles accusations criminelles contre lui. Parler des démons cancer. Quand nos collègues frères noirs et sœurs se réveillent au fait que Zuma se retire de la laine et les rideaux au-dessus de nos frères noirs et des visages sœurs .... Eish en tant que femme noire, je suis désolé de le dire mais nos frères et sœurs noirs ne sont pas les plus brillants dans la boîte de crayons de couleurs arc en ciel .... Eish

  • siphoza.zandela - 2012-12-04 11:24

    Che un sacco di merda che il nostro goverment stupido nero spende miliardi per creare poche centinaia di posti di lavoro, Zuma tipico e dal suo accampamento. La parte triste è la gente stupida ancora votare per lui come lui è solo una stupida faccia nera e lui è non-istruito e come Malema dice: "Noi abbiamo un presidente che non sa leggere", quindi Ju Ju ragazzo grasso, dispone di 50 nuove accuse penali contro di lui. Parla dei diavoli cancro. Quando i nostri compagni fratelli neri e la sorella svegliarsi al fatto che Zuma sta tirando la lana e le tende sui nostri fratelli neri e facce sorelle .... Eish come una femmina nera, mi dispiace dirlo ma i nostri fratelli neri e la sorella non sono più brillanti pastelli nella scatola di colori dell'arcobaleno .... Eish

  • siphoza.zandela - 2012-12-04 11:25

    ¡Qué montón de basura que nuestro gobierno negro estúpido gasta miles de millones para crear unos cientos de puestos de trabajo, Zuma típico y su campamento. La parte triste es que la gente estúpida todavía votan por él como él es sólo un rostro negro estúpido y él es no-educados y como Malema dice "Tenemos un presidente que no sabe leer", de ahí Ju Ju gordito tiene 50 cargos nuevos contra él. Habla de los demonios contra el cáncer. ¿Cuándo nuestros compañeros hermanos y hermanas negros despertar al hecho de que Zuma está tirando de la lana y las cortinas negras sobre nuestros hermanos y hermanas caras .... Eish como una hembra negro, siento decirlo, pero nuestros hermanos y hermanas negros no son los más brillantes de lápices de colores en el cuadro de colores del arco iris .... Eish

  • markblack10 - 2012-12-04 11:27

    Wow, 150 000 target over 3 years. That's 50 000 jobs per year. They managed 745. Uhhh, that's less than 2% of what they were going to do. R1 000 000 000 is a lot of money . . . How do these people still have jobs?

      sheik.mohammad.378 - 2012-12-05 22:17

      They are all brown nosing Zuma and he is loving it, so much so that his eyes are rolling and not seeing the mess his put this country in.

  • moladi - 2012-12-04 11:28

    Fish cannot teach birds to fly - stick to your knitting!!! DBSA people are pay packet earners - Not entrepreneurs - What a waste!!! We are not just criticising - we have offered a solution but cannot get these “fish” to SEE the opportunity - Providing training and skills to entrepreneurs to create employment delivering homes - Teach how to fish - www.moladi.com/nedlac.htm

      TaniaSandraSteyn - 2012-12-05 01:01

      Moladi - I have several ideas for entrepeneurs in our our area. Please contact me through FB.

  • john.thelps - 2012-12-04 11:36

    I am sure the 745 guys who got the jobs would have been happier if the were paid the 4 mil upfront instead of some fat cat pocketing it!!!

  • moladi - 2012-12-04 12:08

    "Captain, we cannot fight ignorance" - @moladi

  • gennath - 2012-12-04 12:19

    It would be funny if it wasn't my TAX money they were using...

  • moseshi.malatjie - 2012-12-04 13:26

    If ANC does to you, what Apartheid government did to you, then you must do to ANC,what you did to the Apartheid Government- "Nelson Mandela"

      ntebu.mthi - 2012-12-05 09:10

      Power to the People. Amandla awethu. Indeed if the ANC insists on treating blacks like the way the oppressors treated blacks they the ANC too shall be treated in the same manner as that which the oppressers were treated.

  • ralph.zieg - 2012-12-04 13:39

    Based on the type of job I can only assume these would be and thus the relatively low salary they probably earn, I suspect that each job seeker would have been better served if they had simply paid them the R 4,000,000 and saved themselves the trouble!

  • anna.turner.9237 - 2012-12-04 14:05

    Stealing the money again.....!!

  • motlalepula.sompane - 2012-12-04 14:42

    please folks, of course it costs money to do this. they have to issue a tender for a person who's gonna issue a tender for a person to issue tenders of supplying them with toilet paper. please man, it costs a lot of money

  • leonard.rom.7 - 2012-12-04 15:39

    big ass dummy why 4 million for spade or packet ?

  • enlightened.bowman - 2012-12-04 15:43

    C'mon, stand and be counted, all those who are surprised at the everlasting efficiency of african rule

  • willem.leroux.75 - 2012-12-04 15:48

    Tell you what ANC - don't create a job for me - give me the R4m and I won't complain again....

  • warren.pollard.92 - 2012-12-04 19:04

    Great success!

  • johan.vanveenendaal - 2012-12-04 20:13

    Just more evidence of a system designed for fat-cats to just generate more fat-cats. Why not just give 40 people R100,000 each as start-up capital for whatever they want to do, it would probably be more effective!

  • mammudi.makgaleng.3 - 2012-12-04 20:59

    This is a joke of the year. 4m per job???? Even the President salary do not get close to that. Hae!!!!! Sit back, grab popcorns, and enjoy the drama. This is very insane. Can't hold my breath. Hahahahahahahah........

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