South Africa's Employment Creation Fund will receive a boost of approximately 1,2 billion rand (€100 million plus £18 million) from the European Commission and the Department for International Development (DFID), over a three year period.
This will be confirmed during the signing ceremony of the funding agreement between South Africa and European Union in Cape Town. The ceremony will take place as follows:
Date: Friday, 11 September 2009
Venue: Arabella Western Cape Hotel, Kleinmond
Time: 08h00
Government is of the view that the funding will contribute to the target of halving unemployment and poverty by 2014 as set out in the new Medium Term Strategic Framework (MTSF).
Members of the media are invited to witness the signing ceremony that will strengthen SA-EU economic cooperation.
RSVPs should be directed to:
Sidwell Medupe
Tel: 012 394 1650
Cell: 073 522 6801
E-mail: MSMedupe@thedti.gov.za
Issued by: Department of Trade and Industry
10 September 2009
