As part of Government’s broader economic recovery agenda, the Presidential Employment Stimulus uses direct public investment to support employment opportunities while driving an opportunity for growth and renewal across South Africa.
The stimulus package now includes social employment as part of its portfolio of interventions to create jobs and support livelihoods. The Social Employment Fund (SEF) is a bold and ambitious fund aimed at tackling unemployment through strengthening partnerships with a wide range of social and civic partners, enabling them to create ‘whole of society’ initiatives for greater scale and impact across South Africa.
SEF has won the Prosperity Catalyst Award at The Bay Awards in Spain. Out of more than 150 entries from around the world, the SEF stood out as a finalist and ultimately took home the top prize. This accolade showcases the incredible impact the programme has in SA, built on strong partnerships with 37 civil society organisations and 1,100 community allies.
Aim: To provide finance to renewable energy and energy efficiency projects of smaller scale, as well as manufacturing of Green products in South Africa.
Aim: To develop competitive, economically viable activities in agro-processing (food and non-food) sectors by developing local and regional resources to supply domestic demand and increase international trade.
In 2015, Cabinet approved the Black Industrialists Policy, which sought to increase the participation of black South Africans in the ownership and control of productive enterprises.
Aim: To expand the funding reach to black owned SMEs and small businesses which continue to face challenges.
Aim: To help the struggling steel industry with an interest subsidy that offers discounts to qualifying clients.
Aim: To encourage privately-owned tourism enterprises to move towards cleaner and renewable energy sources as well as the efficient utilisation of water.
Aim: To encourage youth entrepreneurship and employment creation, thereby expanding South African production capacity.
Aim: To offer capital and business support to SMME’s during the early stages of commercialization.
Aim: To expand and deepen industrial development in the small industrial business segment.
Aim: To assist SMEs and MIDCAP companies to access loan financing for CAPEX, medium and long term working capital.
Aim: To support employment opportunities, counteracting job losses due to Covid-19, and creating an opportunity for growth and renewal.
Aim: To contribute towards sustainable job creation and retention by supporting job creating transactions while providing concessionary funding.