Zuma Backs Youth Wage Subsidy

Thursday, May 17, 2012 - 15:39
Zuma insists that government will go ahead with its planned wage subsidy, despite criticism from COSATU

President Jacob Zuma has given the assurance that the government intends going ahead with its planned wage subsidy to cut youth unemployment, but its final design could still be negotiated.

Zuma also hinted that rules could be established to address concerns raised by the Congress of South African Trade Unions (COSATU).

Emboldened by recent government climb-downs at its insistence, COSATU says it will continue to try to influence economic policy, which includes persuading the government to abandon the subsidy.

To read the article titled, “Zuma backs youth wage but COSATU stands firm,” click here.

Business Day