Unemployment is a macroeconomic policy issue that we cant eliminate through projects. Latest plan is to spend R24bn on 333 projects that will provide training, SME and work opportunities to 700k people. How are we supposed to create jobs in an economy that is not growing?
I went to jobs summit. There were 80 projects tha5 would creaate 275k jobs a year. Next day i wrote in BDay column that it would fail. It has been a disaster
We cant create jobs in context of austerity. Government says it will train more people but 2024 budget cut R16bn from nsfas budget
We cant create jobs in context of austerity. 2024 budget cut R10bn from public employment programmes and the number of beneficiaries will be cut by half
I have studied all govt jobs plans and this one is just a repackaging of old ones. Jobs summit, youth employment service, tshepo one million which have all failed to create jobs
When Panyaza speaks today remember Gauteng has created 297 000 jobs in 15 years or 19 800 a year. Labour force has grown by 2m. Number of unemployed has increased by 1.7m. Unemployment rate has increased 38.4% from 23.4%
Gauteng had Tshepo one million plan but unemployment increased. Now he will talk about 500 000 opportunities
NDP had targets to grow by 5.4% a year and create 11m jobs. But nobody was responsible for creating jobs. Treasury only cares about debt sarb only cares about inflation. If the two most important institutions in economy are not responsible for creating jobs we wasting our time
There are 11.7m unemployed people and 700 000 people who will enter labour force every year until 2035. We must create 1.6m jobs a year to create full employment - unemployment rate of 5% or less - by 2035
We need a 6% GDP growth target that is bimding on treasury and sarb Without that every plan to create jobs will fail and the problem will get worse. 6% GDP growth results in 5.4% employment growth based on employment multiplier of 0.9 over past 20 years.
Gdp growth alone will not solve crisis. With 6% gdp growth there will still be 5.9 unemployed people and unemployment rate of 15.7% in 2035. We need aggressive industrial policies that increase employment multiplier and labour intensity of growth. We must expand public employment
We need annual GDP growth of 4% a year just to create jobs for 700 000 people who will enter labour force each year until 2035, let alone the 11.7m who arr already unemployed. I cant stand these gimmicks like the one you will see at nasrec today
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