On 30 January, Minister of Economic Development, Mr. Ebrahim Patel, signed a Memorandum of Understanding with the Government of Flanders, represented by Dr. Geraldine Reymenants, and the International Labour Organization, represented by Dr. Joni Musabayana. The MoU formalises the partnership between the three parties for a project on the development of a social economy policy for South Africa.
It will be implemented by the Economic Development Department with technical support by the ILO and a funding contribution of EUR 1 324 367 from the Government of Flanders. The specific project objective is to formulate a policy framework for South Africa that enables the development of a social economy that contributes to decent job creation, social inclusion and environmental sustainability.
In his speech, minister Patel highlighted the importance of the social economy for the economic growth of South Africa, and thanked the Government of Flanders and the ILO for providing the seed money and the expertise needed to implement this long-awaited project.
General representation of the Government of Flanders in South Africa