How the Presidential Stimulus Programme at UCT Helped Alleviate Unemployment
The University of Cape Town (UCT) has released a study reporting the effectiveness of the presidential stimulus programme in bridging the unemployment gap. According to UCT, the study was authorized by the presidency in order to examine the domestic factor income effects of the presidential youth employment initiative. The programme was particularly focused on providing term employment opportunities for the youth in the public sector. The study revealed that the existing high levels of unemployment and poverty were further intensified due to the pandemic. UCT praised the government for its dedication towards funding social initiatives such as social grants, especially in a nation where over four million youths are unemployed.
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