Free State Finance MEC Elzabe Rockman said tertiary industries dominate the employment rate in the province.
She explained that it was estimated by the Statistics SA at seventy-two percent in the third quarter of this year. Rockman was speaking at a media briefing after her 2014/15 Adjustment Appropriation Budget presentation to the Free State Legislature on Thursday in Bloemfontein.
She said the share of primary industries in the provincial economy includes mining and agriculture is estimated at eleven percent. Rockman explained the decline of the sector has had huge repercussions.
“Agriculture and mining haven’t recovered not from the start of the global economic crisis. Those are the sectors that over the last ten years have shared the most jobs. The agreement in which we will stimulate economic growth is through investments within the SMMEs. Government itself is not going to create these jobs,” she added.
Rockman said job creation and economic growth will surface from developing Small Medium Micro Enterprises (SMME) sector. She said government held the provincial SMME’s Indaba to allow economic development and funding towards SMMEs.
Rockman further said that Stats SA has reported that the provincial unemployment rate at 35.0 percent in the second quarter of 2014 and a decrease to 34.6 percent in the third quarter of 2014/15.