Tag: job creation
Finance minister Pravin Gordhan called on all South Africans to be resilient, committed and resourceful in his 2016 budget speech. Guided by the National Development Plan, Gordhan is prioritising education, infrastructure development and job creation this year. We look at some of the figures making up the 2016 Budget.
Africa could solve many of the problems it faces by forming strategic partnerships within and outside the continent. The 2016 World Economic Forum in Switzerland, held in January, provided a platform for these sorts of partnerships to be discussed further.
The 10 young designers at Soulart recycle waste, turning it into artful, sought-after items. They work under the genial eye of founder Brian Sibusiso Mokhachane, who says his initiative is helping to create jobs and tackle drug abuse and littering.
In the Valley of Desolation in the Camdeboo region of the Eastern Cape, a global online crowdfunded project with huge ambitions is set to transform a community where four of every 10 people don't have jobs. This is South Africa's Giant Flag, a development project so big it will be visible from space.
National Marine Month is under way in South Africa, and it is the perfect time to shine a spotlight on the country's unique, geographic position. The ocean economy has the potential to alleviate poverty and create jobs. But how much do you really know about our seas?
South Africa places highly in several international rankings on competitiveness and governance, but some sticking points keep it back, most notably that it is a country of economic extremes. The National Development Plan aims to overturn this status and bring equality; such a change will have a knock-on effect on competitiveness.
When it is complete, the Riversands incubation hub near the impoverished township of Diepsloot will be filled with small businesses benefiting the innovative Asset-Based Community Driven Development programme. The plan is to grow the township's talent pool, increase skills and create jobs.
It may be the economic powerhouse of the country, but Gauteng also has the highest concentration of poverty. "Our cost of living is high, food and transport costs are high. But this budget will bolster confidence so that we can have healthy growth in the economy," a business breakfast heard.
Amendments to the National Environmental Management and the Mineral and Petroleum Development Acts will soon see a smoother process to licensing in the mining sector, improving the climate for investment in the country.