Govt Considering Tax Incentives To Reward Companies Which Create Employment - Mthuli Ncube

Minister of Finance and Economic Development Mthuli Ncube has said that the government is considering offering tax incentives for companies to create jobs. In an interview with NewsDay, Mthuli Ncube said,

One elephant in the room is jobs and I am planning on saying; let’s propose a jobs indaba or summit just to concentrate our minds on that and then maybe this is something we can give incentives for; such tax incentives that are linked to job creation. The design is never simple, but at least try to make sure companies are rewarded through a tax system for creating apprenticeship opportunities and paying those apprentices. Job creation is a key issue in this country and everything we do must take account of jobs … to say how many jobs are we creating in terms of the sectoral interventions we are implementing…s, every project must tell us how many jobs it is creating, how many SMEs (small and medium enterprises) it is going to support to make sure that this has a developmental impact we do in terms of sectoral support, the privatisation and infrastructure projects.

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