WELCOME TO THE JOBS FUND

The Jobs Fund creates jobs by supporting initiatives that generate employment in innovative ways. The Fund offers once-off grants in the areas of enterprise development, infrastructure, support for work seekers and institutional capacity building.

Established by the South African government in 2011, The Jobs Fund awards grants to organisations through a competitive project application process where only the best ideas are funded. The Jobs Fund operates on challenge fund principles. Funding allocations are transparent, open and competitive, and are made by an independent Investment Committee.

The Jobs Fund accepts applications from the private, public and non-governmental sector during calls for proposals. Project partners are required to share both risk and costs by matching the grant fund allocation on a 1:1 ratio for private sector partners or 1:0.2 for non-private sector partners.

Latest Results
Preliminary results from the first three calls for proposals:
  • 93 projects approved
  • R4,96 billion government funding committed to those 93 projects
  • These 93 projects target the creation of 143 914 new permanent jobs over the next 5 years
  • An additional 55 989 individuals will be placed in existing jobs
  • As at the end of December 2013, 51 projects were in full implementation.
  • The Jobs Fund has disbursed R802 million in grant funding to the 51 implementing projects, which has leveraged a further R697 million from project partners.
  • These 51 implementing projects have created 12 184 permanent, new jobs; of which 50% are jobs for young people
Featured Project
Akwandze – Infrastructure project

Akwandze aims to ensure that small to medium scale black sugarcane farmers have access to adequate, cost effective and appropriate financing with favourable terms. With the support of a R50 million grant from the Jobs Fund, it will increase production from 450 000 tons cane per annum to 850 000 tons per annum over a five year period, creating 1,511 permanent jobs for local unemployed people

Click here to read more about this project