Helping hand for unemployed youth

Unemployed young South Africans could soon the get help from government in finding jobs within two weeks after leaving school.

This came after National Treasury’s tabling of a Employment Tax Incentive Bill to introduce a Youth Wage Subsidy last week.

This mean that the state is to award companies incentives on the basis that they hire unemployed youth and pay them a stipend for a specific amount of time.

While the move have been welcomed by the DA some analysts have criticised this proposal sighting the possibility of creating inequality in the workplace where old people would end up being retrenched to make place for their younger counterparts.

The policy was originally proposed in parliament in October 2009 and was formally announced by President Jacob Zuma in February 2010. However Cosatu’s opposition led to delays in the implementation of the policy.