Employment stimulus extension aids Good Economy beneficiaries
The Presidential Employment Stimulus (PES), launched in 2020 to address the economic impacts of COVID-19, has extended its funding of the Good Economy social employment fund to October 2023. The funding was initially granted until June.
“The four-month extension will provide beneficiaries with four more months of meaningful work and a consistent monthly wage,” says Pascale Henke, founder of Brownie Points, the lead implementer for the Good Economy programme.
The Good Economy is an affiliation of 10 foundations and charitable organisations that together employ 1 175 people in a variety of roles through the funding of the PES. The extension applies to all of the programme’s beneficiaries.
“This will give them more time to find additional employment opportunities or start their own businesses in their communities,” says Henke.
The Presidential Employment Stimulus was launched by President Ramaphosa in October 2020 as part of the Economic Reconstruction and Recovery Plan, which set out a range of measures to address the economic impact of the COVID-19 pandemic. The aim of the Presidential Employment Stimulus is to utilise public funding to create jobs and support livelihoods while the labour market recovers. Since its launch, the programme has created opportunities for over 1 million direct beneficiaries across South Africa.
“The Good Economy aims to unlock shared value for all involved stakeholders through cross-sector collaboration and working towards the common goal of sustainable and meaningful employment,” says Henke.
Read more about The Good Economy here.
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