R11bn set aside for phase two of Presidential Employment Stimulus

The announcement was made by the Minister in the Presidency Mondli Gungubele in Tshwane on Thursday.

Gungubele said the money has already been allocated by Treasury. 

“In addition to creating jobs and supporting incomes, the stimulus aims to support local economic recovery by providing a wider stimulus for consumer spending in poor communities.”

The effects of Covid-19 have had a devastating effect on the country’s economy.

This has led to approximately 2 million people in the country losing their livelihoods as a result. 

ALSO READ: Mercury set to rise in Mpumalanga, Limpopo

Gungubele said phase one of programme supported over half a million people. 

“More than 550,000 jobs and livelihoods have been supported to date as part of Phase 1, with an overall target of 694,120 opportunities. Several programmes are still in implementation, and we expect this number to increase further.”

Under phase two, 287 000 young people are expected to be recruited for the Basic Education initiative.

However, a whopping 900 000 young people applied for the programme.