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Business Report writes that the employment tax incentive (ETI) is due to expire at the end of this year and business has called for a two-year extension.
The ETI aims to stimulate employment for young people between 18 and 29 years. The National Economic Development and Labour Council (Nedlac) said in its recent review of the ETI it was clear that the scheme had had a positive impact on employment. The government has proposed the continuation of the incentive, but with a cap of R20 million on the value that an employer can claim. But, Tanya Cohen of Business Unity SA (Busa) is not in favour of a monetary cap. She notes that at least 92,000 jobs would have been excluded from the scheme in 2014/15 if there had been a cap.
- Read this report by Amanda Visser in full at Business Report
- Read too, Incentive for young workers worth extending, research shows, on page 2 of Business Day of 10 November 2016
Get other news reports at the SA Labour News home page