When Finance Minister Godongwana delivered his budget speech in Parliament on 21 February, he announced, "....R7.4 billion has been identified for the Presidential Employment Initiative.”
At this stage we know that the Department of Basic Education, the Presidency and SAYouth.mobi are ready to go and hire the next Phase of Education Assistants, but the Department of Labour is yet to release the funds - as the funding is being repurposed from Unemployment Insurance Funds. We will keep you posted as soon as we learn more about when the next phase will begin.
The stimulus extension is great news and it’s all thanks to you! We have since learned that an additional R2 billion is being allocated to the Initiative, which in times of fiscal constraints is a great win! While other public employment programmes did receive some funding cuts, it was much less than had been hinted at in the medium-term budget speech in October 2023.