• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Busa urges youth wage subsidy

May 22 2012 14:47 Sapa

Related Articles

Business urges delay to start of e-tolls

SA business must take advantage of Brics

Busa: Protests cost economy billions

BBC wants bigger slice of govt cake

Busa extends hand to new black body

Busa: Labour changes will damage business

 

Johannesburg - Business Unity SA (Busa) urged the government on Tuesday to introduce a youth wage subsidy as soon as possible.

"The funds made available by the National Treasury nearly two years ago for a youth wage subsidy should now be constructively deployed to help mitigate youth unemployment," Busa said in a statement.

A youth wage subsidy offered more advantages for youth employment than other short-term job creation initiatives. It had the potential to create over 400,000 jobs, Busa said.

In addition, small and medium-sized businesses, which had the greatest potential for employment creation, would be able to use the facility.

Concerns about potential abuse of the scheme could be addressed with appropriate safeguards, it said.

"A well-crafted scheme of this kind can make a significant contribution towards reducing youth unemployment in South Africa, especially at a time of relatively low economic growth and rising unemployment," said Busa.

busa  |  youth wage subsidy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...