Chairperson, hon members of this House just unanimously supported a few minutes ago the Tax Administration Bill, which aims to strengthen tax collection in our country. Whilst government has a right to tax the people in this country, it equally has the responsibility to ensure that the use of the taxpayer's money is such that there is value for money at the end of the day. However, the operation of the Setas in the past leaves a lot to be desired in terms of value for money and, as we have just heard, a lot of money is still lying in the kitty. I do not serve on this particular portfolio committee, but I have been informed by my colleague, the hon Mpontshane, that we, as the IFP, will support this particular amendment because there certainly is a need to tighten up the administration and accountability of these Setas.
We do know that the President and this government and we in this House want five million jobs to be created by 2020. But in order for those jobs to be meaningful to our people, they have to have adequate skills. So, Mr Minister, what is going to be very important as we move forward is the appropriateness of the skills to match the needs of this country.
At the moment we have thousands of graduates who are without work. We are going to get thousands of matriculants who will be coming out of school soon, some of whom will get tertiary education, and yet they will not be able to find jobs. So, we therefore have to match the skills requirements of this country against what is needed out there in the market. We do trust that with the tightening up of the way Setas will operate, this objective will be achieved.
For Setas to operate efficiently, they have to also be financially and administratively adequately resourced. And we, as the IFP, trust that this will happen. As for what the Minister has told us here today, time will tell and we trust that there will be change for the better as this Bill gets passed in this House. We will support this Bill. Thank you. [Applause.]