Deputy Speaker, the ACDP notes that last week President Jacob Zuma conceded that South Africa remains off track in meeting its promise of two years ago, that of creating five million jobs by 2020. President Zuma told the NCOP that 750 000 jobs have been created since the government's New Growth Path came into effect; certainly not the rate that the majority of South Africans would have hoped for.
Entrepreneurship, particularly amongst the youth of our nation, is a necessity. A small business enterprise results in the creation of new services. The ACDP notes with concern that the sector with the highest unemployment figure is the youth of our country.
The ACDP does not just identify problems but also provides a solution, which is the need to increase our support in the rural and semirural business sectors instead of granting tenders for building houses to the poor.
We should employ and train the poor to build their own houses in order to improve our unenviable status of being the most unequal nation in the world, as indicated by our Gini coefficient. More jobs must be created. Broad-based black economic empowerment, BBBEE, is a misnomer in itself as it caters only for a narrow band of well-connected individuals.
As a solution-oriented party, the ACDP would propose that money management and savings be incorporated into the education curriculum from Grade 1 to Grade 12. Thank you.