Jobs Summit | Press Statement Feb 2018

President’s new cabinet ready for the Jobs Summit

President Cyril Ramaphosa declared 2018 as the year of job creation. How well is the new cabinet suited to advance that goal? From the perspective of the Jobs Summit, we say; President Ramaphosa is doing everything possible to stabilise the country. By in large, the people he chose, we hope they will put the interest of the country first. Their challenge is now to get their departments to deliver.

We hope the appointment of Nhlanhla Nene as Minister of Finance and Pravin Gordhan as Minister of Public Enterprise will do much to promote socio economic stability, improve investor relations and stop the bleeding of public resources.

With a lack of confidence in government, the private sector had been rumoured to have been on an investment strike. Close to R1 trillion currently sit still in corporate reserves. Given the warm relations that President Ramaphosa enjoys with South African business, we can expect a marked improvement in the business climate and increased investments. We hope all of this will contribute to the creation of jobs.

Apart from Gordhan heading up Public Enterprise, Jeff Radebe has been tasked to head the Department of Energy and Dr Blade Nzimande in charge of the Department of Transport. We trust all the appointed ministers will be able to expedite infrastructure investment.

The departments directly related to the creation of jobs such as Trade and Industry (Dti), Economic Development and Small Business have not been touched. We can expect these departments to be consolidated in the near future.

The Department of Labour remain untouched. We remain hopeful that the programmes of the UIF will be able to make a major contribution in reducing unemployment.

The Department of Education headed by Naledi Pandor will play a major role in developing the talent needed by industry. A lot of work lies ahead of her, not just because of South Africa’s legacy, but also the arrival of the digital age.

President Ramaphosa identified mining, agriculture and tourism as priority sectors to create more employment. With Minister Gwede Mantashe in charge of mining, many are expecting improvement in the relationship with business in that sector.

An important milestone for the creation of employment will be the upcoming Jobs Summit that the President announced in the state of the nation address. As the organisers of the Job Summit, we pledge our full support to President Ramaphosa and his vision for the people of South Africa.

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