Tito Mboweni’s vow to 8 million unemployed youths

MUuch is often said about the youth and what needs to be done to help them find jobs and start their own lives. Finance Minister Tito Mboweni in tabling his budget at the National Assembly today committed to put her his mouth is.

Mboweni promised to start immediately to work to provide more resources to the Jobs Fund to benefit more worth.

However, details on this will be made available in his medium-term budget in October.

Mboweni said 8.2 million young people between the ages of 15 and 34 are not in education, employment or training and the government was committed to helping them.

“Raising skills and improving the matching of young people and jobs is an important focus of the Presidential Youth Employment Intervention.

“To date, Jobs Fund projects have created more than 175 000 permanent jobs, and helped 21, 000 people, into internships and created 59 900 short term jobs.

Of these, 65 percent went to youth,” he said.

He added as announced by President Cyril Ramaphosa, the government we will re-prioritize resources to raise spending on this critical area.

“We will start work immediately! I will provide more details in the 2020 Medium Term Budget Policy Statement.

We intend to make this intervention a resounding success,” he said.