{"id":27111,"date":"2022-03-10T21:00:35","date_gmt":"2022-03-10T21:00:35","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=27111"},"modified":"2022-03-10T20:08:55","modified_gmt":"2022-03-10T20:08:55","slug":"kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery","title":{"rendered":"KwaZulu-Natal employment rate ‘unacceptably low’, positive signs of economic recovery"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>KwaZulu-Natal Finance MEC Nomusa Dube-Ncube is optimistic about the 2022\/23 financial year, despite heavy financial blows in the province in the last year.<\/p>\n

Delivering her budget speech on Wednesday evening, Dube-Ncube said the economy showed “positive signs of a full recovery” but added that employment remained “unacceptably low”.<\/p>\n

According to the MEC, the number of employed people dropped by 5.1% in the third quarter of 2021.<\/p>\n

R140 billion budget allocated for KwaZulu-Natal<\/p>\n

“Unfortunately, youth unemployment also continued to rise, mainly when measured using the expanded definition, which incorporates discouraged work seekers. As a result, approximately 59.3% of young people aged between 15 and 34 years are unemployed.”<\/p>\n

The provincial economy was estimated to have peaked at 4.2% in 2021 while the real output was projected to retreat somewhat to 1.7% in 2022 and 2023, she said.<\/p>\n

Medium-term expenditure framework<\/b><\/p>\n

Dube-Ncube said that globally, there was some recovery after the 2020 Covid-19 pandemic, “the recovery domestically was impacted by the unrest that occurred in July 2021, as well as the high unemployment rate”.<\/p>\n

This, she said, resulted in lowered economic growth expectations.<\/p>\n

The MEC was, however, positive about improved tax revenues “due to the commodity price cycle”.<\/p>\n

She said:<\/p>\n

She added: “Domestically, we have higher risks from contingent liabilities from our larger state-owned enterprises (SOEs), and the cost of borrowing is rising, especially the cost of foreign borrowing.”<\/p>\n

Allocation of budget<\/b><\/p>\n

The biggest chunk of the more than R140 billion budget went to education, with R57.5 billion or 40.9% of the total. The main cost driver for this department is the compensation of employees, with an average of 89% of the total equitable share budget going towards this category, Dube-Ncube said.<\/p>\n

The department reports that there are 5 807 public ordinary schools with 2 657 055 pupils, 75 public special schools “where the number of learners is yet to be finalised”, and 131 independent schools with 32 153 pupils.<\/p>\n

“The budget provides for the upgrade to ICT infrastructure and to purchase IT equipment, such as hardware, and will also upgrade servers and data lines.”<\/p>\n

She said the department set a target of resourcing 54 schools with ICT equipment (both primary and high schools). Two software systems are planned to be introduced in 2022\/23, namely the e-submission and e-leave management systems.<\/p>\n

ALSO READ |<\/b><\/p>\n

DA: ‘Consider KZN’s finances before building precinct’<\/p>\n

“The e-submission system will be used to process all official documents to ensure system efficiency,” Dube-Ncube said.<\/p>\n

The second highest allocation was health, with a budget of R49.6 billion or 35.3% of the budget.<\/p>\n

“The bulk of the department’s budget allocation is for the delivery of primary health care services to the approximately 87.4% uninsured population of KZN.<\/p>\n

She added:<\/p>\n

Dube-Ncube said the health department was in the planning phase of upgrading four district hospitals to regional hospitals to assist rural populations in uMkhanyakude, Harry Gwala, Zululand and uMzinyathi Districts.<\/p>\n

There are three tertiary hospitals (Greys, King Edward VIII and Ngwelezane Hospitals) and one central hospital in KwaZulu-Natal, the Inkosi Albert Luthuli Central Hospital.<\/p>\n

The plan over the medium to long term is to develop both the King Edward VIII and Ngwelezane Hospitals to provide full tertiary hospital services packages, Dube-Ncube said.<\/p>\n

“The new Dr Pixley ka Isaka Seme Memorial Hospital (PKISMH) was planned for commissioning in 2021\/22. To date, PKISMH is 99% complete with a phased-in implementation process already having commenced in the last few months, with further aspects of the commissioning occurring incrementally going forward. The hospital will have 500 beds and approximately 1 500 staff once fully operational.”<\/p>\n

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For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. KwaZulu-Natal Finance MEC Nomusa Dube-Ncube is optimistic about the 2022\/23 financial year, despite heavy financial blows in the province in the last year. Delivering her budget speech on Wednesday evening, Dube-Ncube said the economy showed “positive signs of a full recovery” but added that employment remained “unacceptably low”. According to the MEC, […]<\/p>\n","protected":false},"author":84,"featured_media":27110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[274,315,653,285,621,275],"class_list":["post-27111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-budget","tag-durban","tag-kwazulu-natal-2","tag-south-africa-2"],"yoast_head":"\nKwaZulu-Natal employment rate 'unacceptably low', positive signs of economic recovery - South Africa<\/title>\n<meta name=\"description\" content=\"KwaZulu-Natal Finance MEC Nomusa Dube-Ncube is optimistic about the 2022\/23 financial year, despite heavy financial blow ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KwaZulu-Natal employment rate 'unacceptably low', positive signs of economic recovery\" \/>\n<meta property=\"og:description\" content=\"KwaZulu-Natal Finance MEC Nomusa Dube-Ncube is optimistic about the 2022\/23 financial year, despite heavy financial blow ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T21:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/03\/img-622a5ab01e0f8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KwaZulu-Natal employment rate ‘unacceptably low’, positive signs of economic recovery\",\"datePublished\":\"2022-03-10T21:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\"},\"wordCount\":601,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/03\/img-622a5ab01e0f8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"budget\",\"durban\",\"kwazulu natal\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/kwazulu-natal-employment-rate-unacceptably-low-positive-signs-of-economic-recovery\",\"name\":\"KwaZulu-Natal employment rate 'unacceptably low', positive signs of economic recovery - 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