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Cape Town - The proposed wage subsidy for SA's youth is a winning concept, which should be implemented as soon as possible, according to independent economist Roelof Botha.
"It has been proven internationally that such a youth wage subsidy could create up to 800 000 new jobs within 18 months," said Botha.
"This would be just 200 000 short of the 1 million jobs the National Development Plan (NDP) wants the agriculture industry - in its primary and processing sectors - to create by 2030."
Addressing members of the Cape Agulhas Chamber (CAS), Botha said South Africa is an emerging market with a developing economy, which means that corporate, medium and small businesses are not necessarily adversely affected by events such as recessions among superpowers.
Global economic change is not something to fear, according to Botha.
"To the contrary, it can certainly benefit you, your employees and your business," said Botha.
"Chinese tourism to South Africa increased by 75% last year. This scares some of us, but is still good news."
He regards India's progress towards becoming a superpower as more good news for SA's business sector.
"It is also great to hear that Deputy President Kgalema Motlanthe says remuneration in South Africa should be increasingly linked to productivity," said Botha.
Botha said organised business and the agricultural sector must take the lead in discussions with the government about the needs and potential of the industry.
"You must prevent the government from going in unattainable directions," said Botha.
- Fin24
"It has been proven internationally that such a youth wage subsidy could create up to 800 000 new jobs within 18 months," said Botha.
"This would be just 200 000 short of the 1 million jobs the National Development Plan (NDP) wants the agriculture industry - in its primary and processing sectors - to create by 2030."
Addressing members of the Cape Agulhas Chamber (CAS), Botha said South Africa is an emerging market with a developing economy, which means that corporate, medium and small businesses are not necessarily adversely affected by events such as recessions among superpowers.
Global economic change is not something to fear, according to Botha.
"To the contrary, it can certainly benefit you, your employees and your business," said Botha.
"Chinese tourism to South Africa increased by 75% last year. This scares some of us, but is still good news."
He regards India's progress towards becoming a superpower as more good news for SA's business sector.
"It is also great to hear that Deputy President Kgalema Motlanthe says remuneration in South Africa should be increasingly linked to productivity," said Botha.
Botha said organised business and the agricultural sector must take the lead in discussions with the government about the needs and potential of the industry.
"You must prevent the government from going in unattainable directions," said Botha.
- Fin24
