Youth Wage Subsidy Proposal

Youth Wage Subsidy

he Anc has anounced its intention to have Youth Wage Subsidy Incentives rolled out before the beginning of 2014. This subsidy is aimed at addressing issues around youth unemployment in South Africa. It is understood that the youth wage subsidy will target young people who have no income or whatsoever.

Many have critisized the Anc on its proposal. The DA has been vocal about its fears if the cabinet approves this kind of subsidy. Many have condemned DA's attempt to sway the Anc from addressing youth unemployment.

Despite all criticism the Anc remains convinced that this kinda of subsidy will indeed help the youth that has no income. The details of who will qualify for this wage subsidy have not yet been made public. It is understood that this initiative will also include what is called youth wage incentives.

Youth Wage Incentives

This incentive is aimed at employers who create jobs for the unemployed youth. It will be a rebate that will see employer receiving some tax relief if they hire young people who qualify.