Radebe tells of plan for state and business to join hands to boost agriculture
THE government is to partner with business to establish an agricultural growth fund, Minister in the Presidency Jeff Radebe said on Thursday.
This follows a similar initiative announced earlier this month to set up a R1.5bn small and medium enterprises fund to invest in small enterprises.
At a post-cabinet media briefing, Radebe said government and business would work together to build capacity to support tourism marketing, increase the numbers of nurses trained and revitalising declining industrial areas, especially in the Vaal Triangle.
"Cabinet is encouraged by the outcomes of the continued engagement between government and captains of industry by President Jacob Zuma through the presidential CEO Initiative to build confidence in the economy, reignite economic growth and avert a sovereign credit rating downgrade," Radebe said.
Apart from the SME fund, the youth employment programme planned to place a million young people in paid internships over three years in the private sector.
Work has also been undertaken to analyse eight economic sectors and identify areas for new investment and growth.