http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.93Change: 0.00
R/$ = 12.67Change: -0.01
Au 1095.49 $/ozChange: 0.31
Pt 984.00 $/ozChange: 2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 16, 2012

Patel seeks consensus on wage subsidy

Back
Building|By Building|Ebrahim Patel|Infrastructure|Kgalema Mothlanthe|Pravin Gordhan|Tim Harris
Building||Infrastructure|
building|by-building|ebrahim-patel|infrastructure|kgalema-mothlanthe|pravin-gordhan|tim-harris



Economic Development Minister Ebrahim Patel on Thursday ruled out imposing a youth wage subsidy without social consensus.

"We need to forge a consensus on how to address youth unemployment, instead of a 'kragdadige' (forceful) approach to push through a single measure in the face of opposition from youth organisations and trade unions," Patel said in a debate on the measure in Parliament.

Finance Minister Pravin Gordhan budgeted R5-billion to start implementing the subsidy from April.

But it was put on ice amid protest from Cosatu, and of late the ANC Youth League and the National Youth Development Agency.

Patel's pronouncement was eagerly awaited after Deputy President Kgalema Mothlanthe on Wednesday responded to questions from MPs on the subsidy by referring to the upcoming debate with the words: "Tomorrow is D-Day."

Patel said the Nedlac debate on the issue had been widened to include more concerned parties and they had agreed on the need for a "social compact" on how to get young people into jobs.

"No single mechanism can address the challenge of youth unemployment," he said.

"We are looking to short- and long-term measures and a package that is proportionate to the scale of the problem."

Patel suggested private and public sector initiatives could be added to existing policies like the expanded public works and the community work programmes.

"We have tabled a proposal for a youth employment committee under Nedlac to consider specific measures to boost employment for young workers," he said.

"By building a collaboration it will avoid unnecessary conflict and exploitative programmes. In addition where young people want to start their own businesses, government will help them."

Patel suggested government would provide support for youth entry into certain sectors of the economy, such as infrastructure and the green economy, but did not provide further details.

Democratic Alliance MP Tim Harris said Patel's speech seemed like the death knell for Gordhan's initiative and was a humiliating defeat for the Treasury chief.

"What an indignity for the National Treasury that Minister Patel is sent out today to set a nail in the coffin of the youth wage subsidy."

Cosatu had expressed fear that the policy would prompt business to replace experienced workers with young, "cheap" labour.

Edited by: Sapa
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Economy News
The mass exit of thousands of Telkom employees came as no surprise, trade union Solidarity said this week. Nearly 2 400 employees had opted for Telkom’s voluntary severance packages (VSPs) and officially parted ways with the embattled company on Friday.
Africa’s universities and scholars need to take centre stage in the ‘Africa Rising’ narrative, embracing an important role in the development of the African Agenda. This was the message Gauteng Premier David Makhura imparted to delegates at the inaugural two-day...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
Article contains comments
More
 
 
Latest News
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
Dangote Cement revised its 2015 spending plans to $1-billion from the $700-million estimated nine months ago after it commissioned two new African plants this June, Nigeria's biggest listed company said on Friday. The company, majority owned by billionaire Aliko...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96