Mr N Singh (IFP) to ask the Minister of Economic Development:
Whether, with reference to the latest unemployment figures released by Stats SA (details furnished), the Government will reach its target of creating 5 million jobs by 2020; if not, why not; if so, what are the relevant details?
Government’s New Growth Path sets out a number of measures to achieve the national target of 5 million new jobs by 2020.
The New Growth Path proposes measures to ensure that in the medium to long term we not only reverse unemployment trends but also ensure much more rapid employment creation through a combination of macro and microeconomic strategies (policy package) to enhance overall competitiveness with targeted interventions to support innovative employment-creating activities.
The key variables that will affect the achievement of the target are the rate of economic growth and the employment-intensity of growth. Government will support efforts for employment creation in the following priority sectors: infrastructure, the agricultural value chain, the mining value chain, the green economy, manufacturing sectors, which are included in IPAP2, and tourism and certain high-level services.
Not all of the steps required to secure the necessary employment and growth outcomes can be done by Government. Social partners have a key role to play and a major contribution to make. Ensuring that the benefits and sacrifices for the New Growth Path are equally shared requires extensive social dialogue.