DOING BUSINESS IN THE EU


Doing business in the EU

Youth unemployment

Cosatu general secretary Zwelinzima Vavi said he was worried that the government was moving ahead with the implementation of employment tax incentives, despite strong opposition to this from labour.

President Jacob Zuma said during his State of the Nation Address on Tuesday night that more than 130 000 jobs have been created since the introduction of the employment tax incentive five months ago.

But Vavi was not impressed by this. “He [Zuma] says 133 000 jobs were created but we are not told how many jobs have been lost . We are sitting at 36.1% youth unemployment. It’s a serious crisis,” said Vavi

Cosatu has previously argued that the only way the government could deal with the issue of unemployment was if it changed the current economic policies.

“The need for such a radical reconstruction of our economy was brought home by the latest Stats SA report on youth unemployment, released on June 5 2014, which revealed that unemployment [in the narrow definition] among youth increased from 32.7% to 36.1% between 2008 and 2014, during which the youth unemployment rate has, on average, been 20% higher than for adults

http:// http://mg.co.za/article/2014-06-18-vavi-on-zuma-sona-sa-economy-needs-radical-reconstruction

Andre Beukes LLM

Andre Beukes LLM

I am an International human resources consultant to multinational companies in international employment law and employee relations.

Leave a Comment