The launch of the Presidential Employment Stimulus last week marked what Ramaphosa described as, in his newsletter to the nation on Monday, “a fundamental shift in our approach to tackling unemployment”.
This direct public investment would support employment and create economic opportunities that generate social value, and would do more than just tackle the unemployment crisis, Ramaphosa said.“The example is often cited of the massive public works programme undertaken by the United States after the Great Depression in the 1930s. This was not just a stimulus, but also promoted social participation and inclusion,” he said.
Like public employment programmes across the world, this employment stimulus supports and complements the critical role of the private sector in creating jobs. It is counter-cyclical, in that as the recovery advances, the scale of public employment will decline“Direct public investment is responsive uses the state’s resources to respond to local community needs, be it for greener spaces, food security, more early childhood development centres, or for better and more accessible roads.
Ramaphosa believes that the work experience and skills acquired by beneficiaries of the Presidential Employment Stimulus will improve their prospects of securing formal employment. The implementing departments and other stakeholders were rigorously assessed on their capacity to implement.In every one of the programmes that fall under the stimulus, opportunities will be widely advertised and recruitment will be fair, open and transparent;
We as the liberated persons of this country we cannot be bound or cause to be bound by Verwoed South African BREXIT. We must REINSTATE THE BRITISH POUND as a day to day medium of exchange in MZANSI. Verwoed govt was not legitimate hence BREXIT AND APARTHEID SANCTIONS. AMANDLA
We need to revisit South African BREXIT. The continued use of the RAND CURRENCY as a single monetary unit in country has staggered ECONOMIC RECOVERY. The ANC was not part and parcel of SOUTH AFRICAN BREXIT. It is Verwoed & his cronies that banned the use of the BRITISH POUND.
The best scale to create EMPLOYMENT is through manufacturing and agriculture will have all those so fancy programs until we start processing our raw material and sell them for best price and produce our own food and we will sustain our economy
Regret to say this, but Ramaphosa's 'new plan' will not save the SA economy. Central planning just doesn't do the job.