The Presidential Employment Stimulus programme seeks to confront the devastating effect the Covid-19 pandemic has had on South Africa’s economy. The pandemic has threatened the jobs and livelihoods of many South Africans, especially the most vulnerable, and has exacerbated South Africa’s pre-existing crises of poverty and unemployment.
In the third quarter of 2020 South Africa’s economy was 6% smaller than it was in the final quarter of 2019, before the pandemic struck. Unemployment has now reached a staggering 30.8%.
The R12-billion budget allocated to Phase 1 of the Presidential Employment Stimulus programme, coordinated by the Project Management Office in the Presidency, created more than 700 000 job opportunities (2000/2001).