Blulever Secures A Spot In The R300m Jobs Boost Fund To Tackle Youth Unemployment!
Blulever Secures A Spot In The R300m Jobs Boost Fund To Tackle Youth Unemployment! BluLever Education is thrilled to announce that it has been selected as one of the 12 implementation partners for the R300 million Jobs Boost outcomes fund, managed by Krutham!
This is a significant milestone in the company’s mission to empower Africa’s artisans with skills for the future. The outcomes fund, initiated by the Presidential Youth Employment Initiative and the National Skills Fund, part of the Department of Higher Education and Training (DHET), is designed to drive innovation and reduce costs in tackling the pressing issue of youth unemployment.
“We are incredibly honored to be part of this journey alongside other amazing partners like Afrika Tikkun, AMAZI SHEtribe, BPESA, Cheeba Africa, The Collective X, Employment Solution Management, FPD, Green Riders, Swift Skills Academy, the tourism business institute of south africa, and V&A Waterfront. A big congratulations to all the partners, and a massive thank you to Jobs Boost and Krutham for their support. We look forward to making a meaningful impact together!” the company said.
Jobs Boost is a programme of the Presidential Youth Employment Intervention. The National Skills Fund, an entity of the Department of Higher Education and Training, is the sole outcomes funder of this pilot phase, drawing on a R200m grant from National Treasury and R100m from the NSF. The fund is managed and implemented by consulting firm Krutham.
Based on projections, the programme expects that over 5,000 sustainable high-quality jobs will be unlocked at an average grant per job of R53,000. Implementation partners were selected through a detailed assessment of proposals, in which value for money and additionality played an important role. Partner capacity and experience, quality and sustainability of jobs, and the demographic features of targeted job seekers, were also considered through a scorecard. Proposed partners were approved by Jobs Boost’s advisory committee, consisting of representatives from the Presidency, Krutham and international and local experts.
