Today's Labour News

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zumaTimesLive writes that the government has gone into overdrive to avert the explosion of an unemployment "time bomb".  President Jacob Zuma will meet with government leaders, officials and unionists on Tuesday to discuss the state of the economy, including remorselessly increasing youth unemployment.  

The meeting has been convened as the government appears to have missed the target for youth employment set in the Employment Tax Incentive scheme.  Commonly known as the youth wage subsidy, the scheme, launched in 2014, was aimed at creating 423,000 jobs by the end of this year, but the target might be missed by nearly 170,000 jobs.  A Treasury spokesman would not say whether the scheme will be extended.  Figures from its 2009-2014 Profile of Youth survey - released last month - shows that joblessness in the 15-35 age group rose from 34.2% in 2009 to 35.9% in 2014.  Also last month, Stats SA reported that, in the first three months of this year, unemployment increased to 26.7% from 24.5% in the fourth quarter of last year.

  • Read this report by Sipho Masombuka, Leonie Wagner, Nivashni Nair and Azizzar Mosupi in full at TimesLive

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