Often projections about job creation prove to be wrong; it depends on the kind of business owner being supported, writes Stephen Timm WHILE the National Development Plan (NDP) expects small businesses to contribute 90% of the 11-million new jobs it envisages will be created by 2030, people running support programmes backed by the Jobs Fund are finding that creating jobs is harder than they expected.The fund, administered by the National Treasury and private-sector organisations, has so far committed R1.6bn to 18 projects (excluding emerging farmer programmes) to help small businesses create 69,067 permanent jobs.Of the R1bn committed by the Treasury, R573m had been disbursed by March 31. The funding is for business support, incubation and machinery or equipment.But often projections about job creation prove to be wrong; it depends on the kind of business owner being supported. This is a lesson that mobile vending and distribution business A2Pay learnt.The firm received R78m from the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.