Economic Recovery Plan Will Create And Protect Jobs In Vulnerable Sectors – Ramaphosa

CYRIL RAMAPHOSA

THE launch of the Presidential Employment Stimulus last week marks a fundamental shift in our approach to tackling unemployment.
 
We are undertaking a far-reaching and ambitious public investment in human capital, with the state as both a creator and an enabler of jobs. The Presidential Employment Stimulus is unprecedented in its scale and breadth, involving a public investment of R100 billion over the next three years.
 
We will protect and create directly-funded jobs and livelihood support interventions while the labour market recovers from the coronavirus pandemic. Each of these is ready for implementation, and is additional to existing commitments.
 
While some of the interventions build on the strengths of existing programmes, the stimulus also includes new and innovative approaches.
 
This includes a focus on what we have termed ‘social employment’. We are working from the premise that there is no shortage of work to