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VOTE 28 EDD BUDGET 2011

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VOTE 28 EDD BUDGET 2011

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    2. Contextual Background Policy Priorities for 2011/12 Performance and Service Delivery Information Budget Analysis/Expenditure trends Programme Analysis Transfers and subsidies Key Issues for Consideration by Parliament Overview

    3. Moderate positive economic growth (2.9% 2010 vs. – 1.8% 2009) Contributing factors to GDP commodity prices low interest rates faster global growth Key components of GDP (Y) in the 2nd Q2010 (C + I + G + X-M) Consumption = 4.4% Government spending = 6.0% Merchandise Exports = 6.3% Current Account = -3.6% compared to -4% 2009 Contextual Background

    4. GDP since 2000

    5. South Africa’s growth has not created significant jobs low ratio of employment to adult (ages15-64) South Africa (41.4%) compared to African countries - Uganda (83%), Rwanda (80%), Tanzania (78%), & Malawi (78%) Militancy on the part of trade unions Impact of labour laws (new amendments) Lack of development of small businesses Lack of infrastructure Challenges

    6. “Unemployment, Inequality, and Poverty” NGP – 10 year plan in unlocking the employment potential in six key sectors and activities Infrastructure Agricultural sector (agric value chain/agro-processing) The mining value chain The green economy Manufacturing sectors Tourism and certain high-level services 2. Policy Priorities for 2011/12

    7. Response to the financial crisis: Of the IDC R6.1 billion, by Dec 2010 R3.6 billion committed and jobs saved or created were 23 322 Of the UIF R2 billion (jobs fund), R219 million has been committed R2.9 billion training layoff scheme, was a collaboration between EDD, DOL, IDC and CCMA As of January 2011, scheme benefited a total of 6351 workers ITAC - revised timeframes for investigations from 12 to 9 months for trade remedies By end of 2009, 750 tons of smuggled clothing and textile ( value of R90 million) were seized by SARS ITAC has responded by increasing the tariffs on 35 items of clothing and textile sector

    8. 4. Budget Analysis

    10. 5. Programme Analysis

    11. 5. Programme Analysis

    12. 5. Programme Analysis

    13. 5. Programme Analysis

    14. 6. Transfers and subsidies

    16. Since 2011 has been declared a year of job creation Parliament has a role in the following (as an oversight tool): Number of jobs created/reducing unemployment GDP growth Employment ratio or absorption rate Households in poverty Distribution of earned income 7. Key Issues for Consideration by Parliament

    17. Thank You

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