Genesis evaluates Jobs Fund's on-lending projects

The Jobs Fund is a R9-billion multi-year challenge fund that assists partners pilot innovative approaches to job creation.

Through its enterprise development-funding window, the Jobs Fund has supported several on-lending projects where partners borrow with the aim of lending to small, medium and micro-sized enterprises (SMMEs) that are unable to get credit.

Allowing SMMEs to grow is one of the anticipated means to create jobs and is supported by the Jobs Fund.

The Jobs Fund has contracted Genesis Analytics to conduct project-level evaluations of the Anglo Gold Ashanti and Anglo American Sebenza Funds. The fund seeks to form a case study that will unpack factors that contribute to the success, or reveal the failures, of on-lending for these projects.