Oxford Policy Management (OPM) has been appointed by the National Treasury to provide evaluation services in relation to the Jobs Fund. A total of 9Bn Rand has been committed to the Fund by the Government of South Africa over a 5-7 year period starting in 2011. Being a high profile government initiative, there are a number of stakeholders with an interest in the Jobs Fund’s success. The primary users of the evaluations are the National Treasury as the programme owner and funder and the DBSA as the implementing agency. The formative evaluation is the first evaluation task to be conducted under this arrangement. The aim of the formative evaluation is to assess the extent to which the early elements of the Jobs Fund have been realized as well as the effectiveness, efficiency and relevance of the governance, institutional and operational frameworks set up to date, relative to the Fund’s mandate.