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Thursday, 05 November 2015 21:50

Job creation remains a priority

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Government says it is still working hard to stimulate growth and create jobs by unlocking new opportunities in strategic economic areas.

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“There are various initiatives, including Operation Phakisa for the oceans economy, health, education and mining as well as the Nine-Point Plan that the President outlined in the State of the Nation Address … All these initiatives need to bear fruit in the medium to long term,” Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe said.

Addressing the media on Thursday in Cape Town on the outcomes of the Cabinet meeting, Minister Radebe said tackling constraints to job creation remains a top priority for government.

He said the Medium Term Budget Policy Statement highlighted a global economic growth rate that has slowed, with depressed commodity prices and increased unemployment in many parts of the world.

The Quarterly Labour Force Survey for the third quarter of 2015 recorded unemployment at 25.5%, marginally up from 25.4% in the same quarter last year.

“We are concerned by unemployment, that is why there are various initiatives especially led by our Deputy President with all stakeholders in business, labour and organs of civil society because the responsibility and duty to find jobs does not lie solely on the shoulders of government,” Minister Radebe said.

He said almost 80% of South Africa’s economy is in the hands of the private sector.

“This underscores the need for all sectors to work with government in support of the country’s initiatives to create employment opportunities and get more South Africans into work,” Minister Radebe said.

Last modified on Thursday, 05 November 2015 21:57