Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Share
South Africa: Maluti-A-Phofung Special Economic Zone Set to Boost Job Creation
Source: www.sanews.gov.za
Source Date: Friday, March 02, 2018
Focus: Knowledge Management in Government
Country: South Africa
Created: Mar 02, 2018

The MAP-SEZ, located in the eastern part of the Free State, was officially launched by former President Jacob Zuma on 25 April 2017. 

SEZs are geographically designated areas in the country set aside for specifically targeted economic activities to promote economic growth. 

Magashule said the forecasted jobs were welcome as they would further improve the provincial unemployment rate, which had already started to show some improvement. 

“The unemployment rate improved from 34.4% in quarter three of 2016 to 31.8% in quarter three 2017, which signifies a decline in the unemployment rate of 2.6% year-on-year,” said Magashule. 

Industrialisation unlocks economic growth 

The Free State noted manufacturing and industrialisation as the key to unlocking economic growth in the province. 

“We have worked hard to realise the growth of the manufacturing sector. For the period 2006 to 2016, the manufacturing sector, in terms of the GVA [gross value added], recorded an average annual growth rate of 1.12%. This sector furthermore experienced a growth in its contribution to the GVA over the 10-year period, from R14 billion in 2006 to R15.7 billion in 2016,” said Magashule. 

Magashule credited the growth of the manufacturing sector to the revitalisation of the Industrial Parks in Botshabelo and Phutadijhaba, and committed to support black industrialists. 

“We have entered into an agreement with the Department of Trade and Industry to support black industrialists with funding,” he said. 

Magashule said government will continue to source its goods and services from these black industrialists for linen, government uniforms and other commodities. 

Creating jobs through infrastructure 

Over the past three financial years, over R5 billion was spent on infrastructure projects, which created several jobs. 

“Utilising the job creation model of the Department of Labour and Stats SA, 21 542 jobs have been created through these infrastructure projects across municipalities, provincial departments and entities. 

“Furthermore, 1 447 jobs have been created in State entity projects. During this financial year, those infrastructure projects will continue and those to be concluded will be finalised for the sustainability of these jobs,” said Magashule.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 160

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2019 by UNPAN - United Nations Public Administration Network