Valuable lessons learnt from Tipeeg

13 September 2018 | Ekonomie
Post-Tipeeg, during which some N$11 billion was spent, government is a better position to select projects to drive economic growth and employment creation, finance minister Calle Schlettwein has said.

Speaking to journalists at State House on Monday, Schlettwein said government does not regret spending the billions on the Targeted Intervention Programme for Employment and Economic Growth, but better returns would have been great.

“I don’t regret spending Tipeeg funds but I wish Tipeeg had better returns. I wanted much better productive capacity out of that huge amount that we spent,” he said.

Another thing the minister would have loved to have seen is the creation of more jobs.

“I wanted much better employment figures. We haven’t seen any significant impact. We expected better returns. That was what we wanted but we didn’t get it,” he said.

Through Tipeeg, government intended to create 104 000 jobs over a three-year period, between 2011 and 2014.

The programme has been widely criticised for creating mainly short-term jobs, despite the huge budget. Media reports show that in the three years, Tipeeg created 83 000 jobs of which only 15 829 were permanent.

Focus shifted

Asked about the lessons learnt from Tipeeg, Schlettwein said the government is now in a better position when selecting projects.

“We have focused on the logistics hub which is a labour-intensive activity with all the services that are linked to logistics infrastructure,” he explained.

The minister continued: “We are concentrating on economic diversification and productive capacity improvement so that we also embrace artificial intelligence. We have to be aware that many routine jobs will be done by robots.”

To create more jobs, government has shifted its focus to service industries such as logistics, financial and engineering services to address unemployment, Schlettwein said.

“That’s where we believe the replacement will move into. Manufacturing is good, but it is an area that is most risk-prone for artificial intelligence and robotics,” he said. - Nampa

Soortgelyk

 

Man dood ná hy aan die brand gesteek is

6 ure gelede | Misdaad

Denver Kisting – ’n Man is gisternamiddag in die Katutura-hospitaal dood nadat hy vroeër dié dag vermoedelik aan die brand gesteek is.Komm. Silvanus Nghishidimbwa, die...

Cheetah Cement is hier om te bly

17 ure gelede | Byvoegsels

Augetto Graig - Sedert produksie in April begin het, is dit baie bedrywig by die nuwe Cheetah Cement-aanleg net 3,5 km buite Otjiwarongo. Die aanleg...

Miljoene se verliese in twee brande

17 ure gelede | Ongelukke

Tanja BauseTeen druktyd gister was dit nog onbekend wat presies die brande veroorsaak het wat tot reuseskade vir twee Namibiese ondernemings gelei het.Seapride Foods in...

Geingob besoek Guinee, Kanada

17 ure gelede | Regering

Ronelle RademeyerPres. Hage Geingob het Donder­dag 'n werksbesoek aan Guinee gebring waar hy met pres. Alpha Condé vergader het voordat hy Vrydag in Ottawa, Kanada,...

Versekeraars wen tussenstryd

17 ure gelede | Howe

Elvira Hattingh – Plaaslike versekeringsmaatskappye sal nié gedwing word om herversekering by NamibRe uit te neem nie - tot die hof kan beslis oor...

Agri Kollege wys leerlingraad aan

17 ure gelede | Byvoegsels

Die 2019-leerlingraad van Grootfontein Agri Kollege is onlangs gekies. Volgens mnr. Mr Henk Botha, hoof van dié privaat skool wat in 2011 gestig is, voed...

Kom besoek die driehoek

17 ure gelede | Byvoegsels

Het jy al van die Hoba-meteoriet, die Ghaub-grot en die Ombili San-stigting gehoor? Het jy al die prag van die Otjikoto-meer gesien of die museums...

Mutorwa vergader met TransNamib-raad oor onmin

17 ure gelede | Ministeries

Catherine Sasman - ‘n Lank uitstaande vergadering belê deur die minister van werke en vervoer is gehou om onder meer die beweerde nie-samewerking en ontwrigtende...

NSFAF: Invorderaar kap terug

17 ure gelede | Onderwys

Augetto Graig – Die besturende direkteur van Tribesmen Revenue Solutions, mnr. Solomon Nemaire, sê hy is “verlig” om van die “doodloopkontrak” met die Finansiële Hulpfonds...