• M2M money train

    SA's biggest mobile operators have found a new revenue stream, says Gugu Lourie.

  • Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

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:

Money Clinic

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