In a recent address to the National Assembly, President Cyril Ramaphosa emphasized the profound impact of the Presidential Employment Stimulus (PES) and the Presidential Youth Employment Intervention (PYEI) on the lives of millions of South Africans. These initiatives, designed to tackle unemployment and provide economic opportunities, have reached an impressive 1.7 million individuals since their inception.
President Ramaphosa revealed that between October 2020 and December 2023, the PES alone has generated employment and livelihood opportunities for over 1.7 million people across various sectors. Notably, the participants in these programs reflect a demographic diversity, with 65% being women and 85% being young people.
Reflecting on the significance of these initiatives, President Ramaphosa emphasized, “The Presidential Employment Stimulus and the Presidential Youth Employment Intervention have made a real difference in the lives of millions of young people.” However, he also acknowledged the challenges posed by fiscal constraints, which have hindered the expansion of these programs despite their proven success. Nonetheless, efforts are underway to extend the PES until March next year, with a renewed focus on enhancing the quality of outcomes and maximizing social value creation for communities.
Skills development lies at the heart of these initiatives, with President Ramaphosa underscoring the importance of equipping participants with both soft and formal skills. Programs such as the Social Employment Fund and the Basic Education Employment Initiative complement the PYEI’s objectives by providing diverse avenues for skills enhancement.
A pivotal aspect of the PYEI’s approach to skills development is demand-led skilling, aimed at bridging existing skills gaps and meeting emerging industry needs. To this end, the Department of Higher Education and Training, in collaboration with the Presidency, has established demand-led skilling workstreams in priority growth sectors. These initiatives aim to ensure that skilling interventions are responsive to market demands, fostering inclusive hiring practices for young people and marginalized communities.
One notable development is the launch of the Jobs Boost initiative, a collaboration between the PYEI and the National Skills Fund. This outcomes fund, amounting to R300 million, is dedicated to skilling 4,500 marginalized young people and facilitating their placement in sustainable, quality jobs. Such endeavors not only empower individuals but also contribute to the broader socioeconomic development of the nation.
President Ramaphosa affirmed that these initiatives have laid a solid foundation for addressing the entrenched challenges of poverty, unemployment, and inequality in South Africa. By prioritizing skills development, fostering inclusive growth, and leveraging partnerships, the government is striving to create a more equitable and prosperous future for all South Africans.
In conclusion, the Presidential Employment Stimulus and Youth Intervention initiatives stand as beacons of hope in the fight against unemployment and economic exclusion. With continued commitment and innovation, they have the potential to transform lives and drive sustainable development across the nation.
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