Not much to show from commitments made at Jobs Summit

The Jobs Summit's first reportback shows little progress since over 70 commitments were agreed to nine months ago. Picture: Siyabulela Duda / Moneyweb

The Jobs Summit's first reportback shows little progress since over 70 commitments were agreed to nine months ago. Picture: Siyabulela Duda / Moneyweb

After it promised over 250,000 jobs annually, government apparently got too distracted by the elections to follow through.

Last year when President Cyril Ramaphosa gave the closing address at the Jobs Summit, held to come up with a concrete plan to tackle unemployment in the country, he told critics who said the event would be a talk shop to “eat their words”. At the time stakeholders from government, labour, business and communities had produced an 82-page framework agreement, which outlined 77 commitments across five themed interventions related to the economic sector, small and medium enterprises, education and skills and inclusive growth. The framework provided detailed guidelines. For example, the final list of issues to be dealt with by the social partners was supposed to be defined in a month and the timeframes for when each issue would have been concluded would happen no later than seven months after the agreement was signed. Various companies have announced a wave of retrenchments in the past seven months despite there being interventions in place within the framework. For example, within two months of the summit, business and government were meant to establish “rapid response teams” – comprised of experts – to help businesses in crisis in this tough economic environment with the aim of avoiding job losses. The exact modalities of...


 


 


 

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