The Federation of Unions of South Africa (FEDUSA) today welcomed the R20 billion tax allowance programme that is designed to improve and boast job creation in South Africa.
The initiative by the South African Government’s Department of Trade and Industry headed up by Ministers Rob Davies, aims at drastically improving skills development in our country where close to one million people have lost their jobs since the onset of the global economic crisis.
“We as a Federation fully agree with the idea of a tax incentive for manufacturing businesses to stimulate foreign direct investment, to support skills development and training for workers to be employed. The 12i Tax Incentive Programme will certainly go a long way in placing the economy on a labour absorbing path and make the South African manufacturing far more competitive. Globally, countries are competing for foreign direct investment to strengthen their local production capability and to create jobs. We need more job creation opportunities and if steered adequately the 12i Tax Incentive will be able to encourage manufacturing businesses to do just that,” comments FEDUSA General Secretary Dennis George.
Continue reading FEDUSA WELCOMES THE ANNOUNCEMENTS OF THE INCENTIVES TO CREATE JOBS IN OUR MANUFACTURING SECTORS