As our agencies roll out their spending plans, we can build on our successes. In May last year, we launched the first Jobs Development Bond, with a R2 billion capital issue by the IDC taken up fully by the UIF. The bond provides low-interest loans to private sector projects with an above average employment impact. To date, the facility has approved deals involving R1,5 billion to create 10 047 new jobs and save 7 186 jobs, resulting in an employment impact of more than 17 000 jobs.