Public and private sector cooperation in alleviation of unemployment – South Africa’s job summit

South Africa held a job summit yesterday in Midrand. In attendance was South African president, Cyril Ramaphosa and Deputy President, David Mabuza to deliver the opening address.

The summit is the government acknowledging that the private sector plays a very important role when it comes to job creation. Government is also looking to create a job friendly environment which it believes will enable growth in the private sector that will help the economy.

Helping the private sector to alleviate unemployment will also support public sector. One of the issues facing the private sector is over regulation of small employers, which increases financial cost and risks. The job summit will be used to put a focus on small businesses to help them grow and employ more.

The job summit also has a strong focus on implementation, to avoid another talk shop and not repeating previous failed summits in order to ensure this job summit succeed. President Cyril Ramaphosa at the summit signed a pledge to promote #buylocal Local Production and Procurement.

 

Source: 702.co.za

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