Budget Speech 2015

Fellow South Africans, unemployment remains our single greatest economic and social challenge. Government continues to prioritise measures aimed at generating employment. These include tax incentives for employment and investment, support for enterprise development, skills development and employment programmes.

R10.2 billion has been allocated over the MTEF period to manufacturing development incentives and support for growing service industries, such as business process outsourcing. Under Minister Davies’ oversight, the manufacturing competitiveness enhancement programme will spend R5.4 billion and will assist 1 450 companies with financial support to upgrade facilities and skills development.

Special economic zones are allocated R3.5 billion over the medium term, mainly for infrastructure development. The work of Minister Hanekom’s department in promoting tourism continues to be supported.

Over the MTEF period, Minister Zulu's new Department will spend R3.5 billion on mentoring and training support to small businesses.

The Jobs Fund will spend R4 billion in partnership with the private sector on projects that create new employment, support work-seekers and address structural constraints to more inclusive growth.

The community works programme will be extended to all municipalities and its allocations will increase by 21 per cent a year.

The Department of Environmental Affairs has an allocation of R11.8 billion to fund more than 107 000 full time equivalent jobs and 224 000 work opportunities through environmental public works programmes.

A total of R590 million has been allocated to the Green Fund over the medium term, for strategic environmental projects in partnership with the private sector.