Invitation to a briefing on the Jobs Fund
28 Nov 2012
You are hereby invited to a briefing on the Jobs Fund to:
Hear an update on the Jobs Fund from Chief Investment Officer, Mr Dumisa Hlatshwayo
Hear an announcement on the next funding window from the Jobs Fund Investment Committee Chairman Frans Baleni and Deputy Chairman, Brian Whittaker
Learn about one of the Jobs Fund’s successful applicants ‘Harambee’, from Managing Director of Harambee, Tamera Campbell
Engage with the young people who have secured work through Harambee.
Light snacks and refreshments will be served.
About the Jobs Fund:
This R9 billion government fund offers matched funding for innovative projects that can create new permanent jobs. The fund operates on challenge fund principles which mean that the funding allocations are transparent, open and competitive. Applicants include private, non-governmental and public organisations whose projects can create jobs in the areas of enterprise development, infrastructure, support for work seekers and institutional capacity building.
About this event
The Fund was launched by the Minister of Finance in June 2011 and has approved 54 projects to date. Chief Investment Officer of the Fund, Mr Dumisa Hlatshwayo will be providing an update on the Fund’s successful grantees and their projected performance.
The event will be at the offices of ‘Harambee’, which was launched by big business to help source, train and retain young people in entry-level jobs. With support from a R120 million grant from the Jobs Fund (matched with a further R120 million from Harambee itself), Harambee is aiming to secure 10,000 unemployed young people their first job by June 2014.
Research from the Development Bank of Southern Africa (DBSA) shows that that if a young person gets and keeps their first job, they are significantly more likely to remain employed for the rest of their lives. Harambee works with job seekers to significantly increase their likelihood of retention in sustained employment.
Frans Baleni, Brian Whittaker, Dumisa Hlatshwayo, Tamera Campbell and the team and beneficiaries from Harambee will be available for questions after the presentation.
Date: Monday, 3 December 2012
Time: 1h45 - 3pm
Venue: Harambee project offices, 3rd Floor, Sage Building, Corner Pritchard and Fraser Streets, Johannesburg
Parking entrance is on Pritchard Street, just after the corner of Simmonds and Pritchard streets. Please supply the details of your vehicle registration in order to book parking.
RSVP by 12h00, Friday, 30 November 2012 to:
Cell: 074 971 9512
Tel: 012 395 6574
Issued by: National Treasury
28 Nov 2012
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