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Presidential goals require government buy in

New job creation initiatives and continued strong action against crime and corruption were the two most important elements of President Jacob Zuma’s State of the Nation speech this week as far as the property market is concerned.
 
“The drive to create new jobs should of course translate down the line into more homebuyers,” says Berry Everitt, CEO of the Chas Everitt International property group, “while the strong stance on both white and blue-collar crime will make existing homeowners think twice about emigrating and should also encourage new investment in SA and further job creation.”
 
The job creation initiatives covered by the President included a new R9bn State fund for job creation, R20bn worth of tax relief for the manufacturing sector to encourage job creation and the ongoing public works / infrastructure programme that is expected to create millions of jobs, as well as moves to fill all the government posts currently vacant with properly qualified applicants.
 
The initiatives to combat crime and corruption in the public service included more money to boost the forensic, detective and crime intelligence capabilities of the police, and continued support for the special anti-corruption unit in the presidency.
 
However, says Everitt, the good intentions expressed at the highest level of government now need to be put into practice on the ground, by the various national, provincial and local authorities involved. “And we are concerned that many of them do not yet seem to have aligned their individual policies and actions with the national drive – a case in point being the proposed amendments to the Labour Act, which as they stand will actually make it more difficult for businesses to create jobs.
 
“So what is needed now is urgent action to get everyone in government pulling in the same direction towards the stated goals.”
 
ISSUED BY CHAS EVERITT INTERNATIONAL


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