KZN GOVERNMENT URGES BUSINESS TO SUPPORT YOUTH WAGE
The KwaZulu-Natal Government has called on the business sector to support the youth wage subsidy and demonstrate the same commitment to the country as they did when they subsidized young conscripts defending apartheid.
Unveiling comprehensive plans by various government departments to address issues affecting young people in KwaZulu-Natal, Premier Dr Zweli Mkhize re-affirmed the Government's support for this initiative initially announced by Finance Minister Pravin Gordhan two years ago and allocated R5-billion in the February Budget estimates.
President Jacob Zuma told the National Assembly last month that the matter was before the National Economic Development and Labour Council which would make final recommendations to national Cabinet.
President Zuma said the subsidy would be made available for workers under the age of 30 years. Salaries would need to be below the personal income tax threshold, and be paid for a maximum of two years, capped at a maximum value of R12 000.
The incentive would only be accessible to firms which created additional jobs for young and inexperienced South Africans, thus targeting an increase in youth and overall employment.