DA seeks clarity on why Treasury is withholding R508 million in funding to Employment Creation Fund (ECF)
14 August 2018
An apparent war between the Department of Trade and Industry (DTI) and National Treasury has seemingly come to a head around the failure of National Treasury to hand over R508 million in European Union (EU) funding to the Employment Creation Fund (ECF), under the DTI.
The ECF supports projects and programmes that have a positive impact on job creation, skills development and capacity building and is therefore vital.
On 24 July 2018, the DA came into possession of a letter written by Mr. Paseka Masemula, the ECF Fund Manager, in which he claimed that there was a ‘plot’ by National Treasury to ‘undermine African Leadership and more severely to undermine and totally distort the programs of the mass democratic movement on eradication of poverty, unemployment and inequity’.
The DA tabled this correspondence in the Portfolio Committee on Trade and Industry for urgent discussion and the letter was referred to the DTI Director General, Lionel October for an explanation of how this letter could have been sent to the private sector.