The department of trade and industry (DTI) is launching a graduate training programme set to create 1200 on the job training opportunities over the next two years.
The minister of trade and industry Rob Davies is scheduled to launch the initiative next week Tuesday at the Cape Peninsula University of Technology, Bellville Campus.
The DTI said the initiative titled Itukise Internships for Unemployed Graduates Programme is a multi-million rand concern.
The Programme is designed to provide relevant work experience to unemployed graduates through a 12 month internship programme in private sector companies.
Davies said the department will source internship placements for unemployed graduates from companies that are receiving incentives from the DTI and also those that are interested in the programme.
He added that the National Skills Fund within the Department of Higher Education and Training has approved funding to the value of R71 million over a two year period for monthly stipends of placed graduates which will be managed by the DTI.
Davies said the programme is one of the DTI’s contributions towards decreasing youth unemployment and assisting small, medium business sector in building the required skills needed in the sector.
“This programme is in line with the New Growth Path, Medium Term Strategic Framework, the Industrial Policy Action Plan as well as the National Skills Development Strategy, and will provide relevant work experience to at least 1200 unemployed graduates over three intakes in the next two years,” said Davies.