Kaya 959 News
President Cyril Ramaphosa tabled his budget vote for the 2021/22 financial year on Wednesday afternoon and spoke about his firm conviction that the Presidency must become the heartbeat of a capable and developmental state.
An additional R11 billion has been allocated to the Presidential Employment Stimulus Package.
President Ramaphosa the latest unemployment rate shows a deep impact on young people’s prospect to find jobs.
If you missed the budget vote, you may watch it here:
— Presidency | South Africa 🇿🇦 (@PresidencyZA) June 2, 2021
“The priority for the Administration, is to reskill, retrain and support these approximately 3.5 million young people not in employment, education or training to address the emergent skills mismatch. It is within our power to translate South Africa’s demographic dividend into practical benefits, by aligning skills to industry needs.” – Deputy President David D Mabuza
To date, the Presidential Employment Stimulus has supported nearly 700,000 opportunities.
Of these, 422,000 are jobs that have been created or retained, 110,000 are awards issued for livelihoods support, and a further 162,000 are opportunities where awards are currently in process.
An online dashboard is accessible to South Africans to track progress in the implementation of the stimulus, pioneering a new approach to transparency and accountability.
The stimulus has played a crucial role in supporting vulnerable households to keep working and earning an income, while at the same time benefitting the communities in which they work.