CAPE TOWN: (By Tony Selvester)– The Economic Freedom Fighters’ (EFF) leader, Julius Malema has made headway to oppose youth wage subsidy.
Addressing the students’ gathering at the University of Limpopo’s Turfloop campus, Malema said that the Democratic Alliance (DA) has been pressing ANC government to dole out subsidy to companies as an lucrative cushion for them to hire youth in a bid to decrease unemployment.
Release of money as a subsidy would provoke companies to lay off older employees to cut their salary bill, he cautioned.
Malima was of the opinion “when a company gives job to the youth, the government dole out money to company to pay better young people. If I hire 10 young people, rulers pays them and I make profit, what is the justification for the employment of older ones.”
In Botswana the mining sector subsidies education. “We do not believe that the youth must be given employment and the older ones should be terminated.”
He proposed that the mines must subsidised the education of the needy. Malema demanded that education should be subsidized to help revamp its quality.
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