SPEDU at 41% job creation

He was speaking before the Parliamentary Committee on Statutory Bodies and State Enterprises on Wednesday. He said the delay in reviewing the PPADB Act to allow for 30% incentive is the main reason for failing to reach the target for March 2020.

“We had set a target of facilitating for creation of 6, 800 jobs by March this year and one of the keys to achieving this was implementation of investment incentives. This took forever with some incentives only kicking off this year being the market access. The bigger one of 30% uptake by government is yet to kick off as there is need to review the PPADB Act and now we have around 2, 800 jobs,” he said. Further pressed to explain the incentives issue, Dr Mokubung said there was a need to address, it stating that the Office of the President was made aware of the matter after they had a problem with facilitating for Ministry of Health and Wellness to approve 30% incentive certificate for pharmaceuticals for Oxygen Gas (Pty) Ltd