• All Share : 51890.42
    UP 1.47%
    Top40 - (Tradeable) : 45732.46
    UP 1.39%
    Financial 15 : 14532.77
    UP 1.27%
    Industrial 25 : 70687.18
    UP 1.20%
    Resource 10 : 30177.98
    UP 2.41%

  • ZAR/USD : 14.7811
    DOWN -0.05%
    ZAR/GBP : 19.8393
    UP 0.06%
    ZAR/EUR : 16.4416
    UP 0.04%
    ZAR/JPY : 0.1433
    UP 0.07%
    ZAR/AUD : 11.0132
    UP 0.11%

  • Gold US$/oz : 1314.7
    DOWN -0.27%
    Platinum US$/oz : 1007
    DOWN -0.10%
    Silver US$/oz : 18.25
    DOWN -0.11%
    Palladium US$/oz : 586
    DOWN -0.34%
    Brent Crude : 50.61
    UP 0.80%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Thu Jun 30 01:32:04 SAST 2016

ANC, Cosatu agree on youth subsidy

Sapa | 04 February, 2013 13:30
ANC's Gwede Mantashe
Image by: Simon Mathebula

The ANC and its alliance partner Cosatu were in agreement over the youth wage subsidy, the ruling party said on Monday.

"An urgent meeting was held this morning (Monday) with Cosatu on issues relating to youth incentive scheme. There will be no blood on the floor about this," party secretary-general Gwede Mantashe told journalists in Johannesburg.

The trade union federation was reported to be opposing the youth wage subsidy for fear that it would see older workers pushed out of jobs.

"There is a general agreement on this approach by the ANC and Cosatu," Mantashe said.

The scheme would target young people, young graduates and students in tertiary institutions who needed to complement formal study with practical work, he added.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.