- Businesses that take into consideration the employment of qualified youths in South Africa will now be eligible for President Ramaphosa’s tax reduction scheme.
Taxation in South Africa will now receive a new boost, especially for the teeming unemployed youths as the presidency through a special tax scheme now pitches businesses to create more jobs with the benefit of getting tax cuts and waivers as perks for reducing unemployment rates in the country.
President Cyril Ramaphosa in his recent speech while calling on business owners to employ youths alongside harnessing their skills and talent, called on all concerned stakeholders to do the needful to improve South Africa’s economic fortunes.
Taxation in South Africa: Presidency’s Effort to Empower Youths
The presidency of South Africa led by President Cyril Ramaphosa has since launched a digital platform; SAYouth.mobi where teeming youths in the country can get information about openings from different employers of labour.
This platform came to be on the heels of the government’s Youth Employment Programme which is aimed at providing the average youth with quality work experience through training that addresses societal gaps.
SAYouth.mobi as a platform now has 2.9 million young people registered with plans by the presidency to graduate 245,000 young people by the end of August, joining the ranks of approximately 600,000 young South Africans that have participated in the scheme since its launch in 2020.
In all, the Presidency is placing a premium on improving the fortunes of youth in the country.
Taxation in South Africa: Modus of the Youth Empowerment Scheme
The programme to achieve its goals currently supports 22,000 schools across the country in infrastructure and social initiatives to curb inherent knowledge gaps. This is according to the Department of Basic Education in South Africa.
As incentives for participants to continue in the scheme, the government through the scheme offers a monthly stipend.
Programmes offered by the scheme include; digital literacy, basic bookkeeping, child and youth care, bricklaying, plastering and plumbing.
What the President is saying
“There are currently 2.9 million young people registered on SAYouth.mobi, and many organisations, companies, and departments use the platform to provide opportunities to young people.”
“Of approximately 60,000 teachers and principals surveyed, more than 95% say the programme has greatly improved the learning environment in our schools and want it to continue.”
“Having provided opportunities to these thousands of young people, we now need to open their path to formal employment, further education or entrepreneurship,”
“As we build on the successes of this programme and bring opportunities to more young South Africans, I call on all of society – whether as businesses, community-based organisations or places of learning – to be part of building a new future for our young people.”
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