By Khanyisa Tabata
11 February 2011
In the 2011 state of the nation address, President Jacob Zuma has put job creation at the forefront of government’s duties in his state of the nation address.
At the official state of the nation address in parliament, Zuma declared 2011 to be "a year of job creation through meaningful economic transformation and inclusive growth.
Zuma pointed to the recently unveiled new Growth Plan as forming the basis of this jobs surge, and that his government will do everything in its power to provide work to the country’s people.
“It is also my pleasure, to announce R20 billion in tax allowances or tax breaks to promote investments, expansions and upgrades in the manufacturing sector.
“For a project to qualify, the minimum investment must be R200 million for new projects, and R30 million for expansion and upgrades."
"The programme will provide an allowance of up to R900 million in taxes deductible allowances rand for new investors and R550 million for upgrades and expansions,” said Zuma.
“We urge every sector and every business entity, regardless of size, to focus on job creation. Every contribution counts in this national effort.
“All government departments will align their programmes with the job creation imperative. The provincial and local government spheres have also been requested to do the same,” said Zuma.
Zuma added that the programmes of State Owned Enterprises and development finance institutions should also be more strongly aligned to the job creation agenda.
11 February 2011
In the 2011 state of the nation address, President Jacob Zuma has put job creation at the forefront of government’s duties in his state of the nation address.
At the official state of the nation address in parliament, Zuma declared 2011 to be "a year of job creation through meaningful economic transformation and inclusive growth.
Zuma pointed to the recently unveiled new Growth Plan as forming the basis of this jobs surge, and that his government will do everything in its power to provide work to the country’s people.
“It is also my pleasure, to announce R20 billion in tax allowances or tax breaks to promote investments, expansions and upgrades in the manufacturing sector.
“For a project to qualify, the minimum investment must be R200 million for new projects, and R30 million for expansion and upgrades."
"The programme will provide an allowance of up to R900 million in taxes deductible allowances rand for new investors and R550 million for upgrades and expansions,” said Zuma.
“We urge every sector and every business entity, regardless of size, to focus on job creation. Every contribution counts in this national effort.
“All government departments will align their programmes with the job creation imperative. The provincial and local government spheres have also been requested to do the same,” said Zuma.
Zuma added that the programmes of State Owned Enterprises and development finance institutions should also be more strongly aligned to the job creation agenda.
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