The Job Creation Trust (JCT) was founded by the Trade Union movement following the National Presidential Job summit on the 30th October 1998. The Trust was funded by contributions, donations and pledges from the members of the three Trade Union Federations (COSATU, FEDUSA and NACTU) Communities and some businesses.
A Bulk if these contributions came from the workers who donated 1% or one day’s salary to the Job Creation Trust Fund. The JCT was launched on 19 February 1999 at the Parktonian Hotel in Braamfontein, Johannesburg. The JCT is governed by the Trust Deed which was signed on 3 February 1999.
The Primary objectives of the Trust is Job Creation and subsidiary objectives are to target projects in all the provinces with beneficiaries including woman, youth and rural poor. Health education (HIV) and literacy, differently abled people also form part of the Trust’s subsidiary objective. The initial funds raised in 1998/1999 amounted to R89 million (Audited). JCT has not received any further funding since this initial contribution of R89 million.
Job Creation Trust has funded well over 110 projects in all nine Provinces and Sectors to the value of over R140 million and continues to fund various projects.