'Youth wage subsidy focuses on job creation'
WC MEC Alan Winde wants to speed up the youth wage subsidy to create 100,000 jobs in three years.
CAPE TOWN - Western Cape Finance MEC Alan Winde says he wants to speed up the province's youth wage subsidy to create 100,000 jobs within three years.
Winde detailed the province's medium-term budget policy statement and adjustments at the Provincial Legislature on Thursday where the departments of health and education received 70 percent of the province's R150 billion budget.
Winde says there's a big focus on job creation through the youth wage subsidy programme.
He says businesses will be able to claim back from the tax man if they employ more staff.
"Let's set ourselves a target of employing 10 percent young people over and above our existing staff establishment, making use of this taxation relief. If we do that we can quite easily create another 100,000 jobs."
The MEC also says he wants to streamline the process for business owners who don't want to be bogged down with paperwork.
"We want to make it easy for business to have access to this taxation relief. I will be setting up a unit to facilitate that. We are now starting to create the programme, within government, of how we can facilitate the ease of creating this opportunity within business partnership."
He says it's concerning the province has a growth rate of only 3.6 percent.
"I would like to see much stronger growth in our region. We're still happy that we are pushing the boundaries and growing faster than the national economy."