Wednesday, June 08, 2011

Uncertainty expressed over new jobs fund

Lusanda Bill
08 June 2011


Economists say only time will tell whether government’s new Jobs Fund will be successful.

Finance Minister Pravin Gordhan announced yesterday that nine-billion-Rands have been made available for the job creation process.

Businesses have already been invited to submit applications.

The fund is aimed at providing grants and not loans on a co-funding basis.

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