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JOBS FUND PRESENTATION

JOBS FUND PRESENTATION. Presenter: Kwezi Dazana Jobs Fund 07 Aug 2012. Background of the Jobs Fund. The Fund was announced by the President during the State of the Nation Address in Feb 2011

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JOBS FUND PRESENTATION

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  1. JOBS FUND PRESENTATION Presenter: Kwezi Dazana Jobs Fund 07 Aug 2012

  2. Background of the Jobs Fund • The Fund was announced by the President during the State of the Nation Address in Feb 2011 • The Minister launched the Jobs Fund on the 7th June 2011 and appointed DBSA as an implementing agent • Intention of the Jobs Fund is to partner with projects that will results in the creation of new sustainable jobs. • The Jobs Fund issues grant funding and in return expects sustainable jobs to be created.

  3. What the Jobs Fund will not fund • Bail out of distressed companies • Start-up companies and initiatives • Training activities that are not linked to job placement • Initiatives with huge capital investment but minimal job creation potential • Loans or Advances of cash • Double Dipping Funding

  4. Focus Areas of the Jobs Fund Enterprise Development • Investments in product development, local procurement, marketing support, equipment upgrading or enterprise franchising Infrastructure Investment • Local infrastructure investment projects such as light manufacturing enterprise zones, local market and business hub facilities, critical transport and communication links and upgrading of infrastructure services Support for Work Seekers • Support programmes with a particular focus on unemployed young people such as job search projects, training activities and support for career guidance and placement services Institutional Capacity Building • Projects aimed at strengthening institutions through which jobs are created

  5. Targeted Beneficiaries

  6. Allocations as per MTEF

  7. Guiding Principles of the Jobs Fund Targeting youth unemployment, skills and enterprise development Partners with existing innovative approaches to employment creation Partners with intermediaries for the support of SMME development Provides once-off grants per project only repayable if utilised inappropriately Support projects on a co-financing ratio of 1:1 Focus on developmental return rather than financial return Focuses on project risk (viability of the project) and not credit risk

  8. Criteria for Project Approval

  9. Pre Approval Phase • Initial screening • Business plan/ proposal • 2. Evaluate against Jobs Fund Criteria • No Reject • Yes Engage • Preparation of Appraisal Report • Expert Team of Assessors • Post Approval Phase • 1. Implementation • Implementation plan • Sign off Agreement • Disbursement of funds • Monitoring/ • Supervision • Project Management • Monitoring • Reporting • . Exit • Evaluate • Close Out Report • DBSA • Approval Phase • 1. Investment Committee Approval • Submission of Appraisal report to the Investment Committee • No Reject/Amend • Yes Approve • Investment Committee Application Process Request for Proposals

  10. Regional Breakdown of Applications 1st window

  11. Lessons Learnt From Call for Proposals • Eligibility • No co-funding • Minimum funding requirements not met • Competitive fund • In First Call for Proposals 2,651 applications worth R320 billion competing for R2 billion • Linkage to jobs • No link between funding and jobs to be created • Funding models • Project finance or balance sheet funding not job related

  12. Second Call for Proposals closed in may All applications were submitted electronically i.e. no manual applications Each application – gets unique reference number Develop Competitive Analysis Report (CAR) Develop Concept note and CAR on projects to Committees Investment Committee(IC) determines cut-off on CAR and concepts to full appraisal Full due diligence and full appraisal Appraisal to committees, IC approves or rejects Contracting and implementation

  13. Regional breakdown of applications FROM 2ND WINDOW

  14. Framework for Project Pipeline Project origination per Province • Extend Jobs Fund footprint • Ensure a more balanced Provincial breakdown • Allows easier access to clients during appraisal Preparations to date • Jobs Fund has partners with DFI’s in all Provinces and currently using their offices for appraisal and meeting applicants • Jobs Fund teams structured to originate per Province

  15. Framework for project pipeline continued Introduce the Jobs Fund and its criteria to prospective businesses Establish networks Share lessons learnt Build strong relations and linkages in all provinces Assist and guide prospective applicants (e.g. SMME’s) Structure projects in preparation for the next window Prepare for third call of proposals which is anticipated to be towards the end of the year

  16. Thank You 086 100 32 72 Info@jobsfund.org.za Web: www.jobsfund.org.za

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