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Times Live reports that take-up of the employment tax incentive, which expires at the end of the year, has been far greater than the national Treasury expected.
Nearly R6-billion was claimed over two years against the R2-billion that was estimated. A report on the achievements of the incentive, which was aimed at drawing young and inexperienced workers into the labour market, was presented by the Treasury on Wednesday to Parliament's two finance committees. In 2014-2015, R2.6-billion was claimed for 686402 jobs supported by the incentive, whereas in 2015-2016, R3.6-billion was claimed. More manufacturing firms (7448) made claims than any other grouping.
- Read this report by Linda Ensor in full at TimesLive
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