The Employment Tax Incentive

The Employment Tax Incentive (more commonly referred to as the youth wage subsidy) has already created 56000 jobs, according to the latest Budget Speech. The subsidy gives a tax incentive to employers for hiring young South Africans between the ages of 18 and 29, provided these employees earn between R2000 and R6000 per month. The subsidy aims to provide young people with work experience in order to make them more attractive to potential employers.