The Youth Employment Tax Incentive

Why was it introduced: 
Millions of young South Africans are currently unable to participate in economic activity, and as a result suffer disproportionately from unemployment, discouragement and economic marginalisation. High youth unemployment means young people are not gaining the skills or experience needed to drive the economy forward. This lack of skills can have long-term adverse effects on the economy. With the ETI the employer benefits in that it will reduce your wage bill in accordance with the number of qualifying young people you employ while leaving the wage the employee receives unaffected. From the employees perspective it gives him/her an opportunity into the “Real world” to gain valuable experience whereby they can make a smooth transition from the academic environment to the workplace.

Morar Incorporated Hosts Finance Minister

Over 100 guests from a diversity of private and public business entities attended this event. Special acknowledgement is hereby made to: The Honourable Deputy Minister of Environmental Affairs, Mrs Barbara Thompson, His Worship the Mayor of uMgungundlovu Cllr. Yusuf Bhamjee, His Worship the Mayor of Msunduzi Cllr. Chris Ndlela, Her Worship, the Mayor of Mpofana Cllr Ntombi Mpangase Mchunu, The President of the Pietermaritzburg Chamber of Business, Mr Paris Dlamini and The National Chair of the Progressive Professional Forum, Mr Comfort Ngidi.