Cyril’s new deal: jobs, jobs and yet more jobs ... and reliable electricity
Government sets out to be the key driver of employment opportunities to help revive SA economy
President Cyril Ramaphosa is turning to the state to get the country working again through an ambitious R100bn public employment programme that he is confident will create 800,000 jobs in the next six months to three years.
The biggest job creator of his Presidential Employment Stimulus is the department of basic education, which will hire 344,000 unemployed matriculants as teaching assistants at schools. Their R3,500 monthly stipends will cost the state R7bn.
Contained in the final version of Ramaphosa’s economic reconstruction and employment plan, released on Thursday by the presidency, is a breakdown of where the other work opportunities will come from. ..