South Africa: Back to Work - State Plans to Spend R52 Billion to Create Jobs

Cape Town — The g overnment has planned a major initiative to create jobs for the unemployed, allocating R52bn over the next three years for expanded public works programmes and launching a wage subsidy scheme to encourage employment of youth.

Finance Minister Pravin Gordhan's announcement of the accelerated job-creation drive in his budget speech in Parliament yesterday comes as SA's stubbornly high unemployment rate remains at 24,3%, or 31% on the expanded definition, which includes discouraged job seekers no longer looking for work.

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