POL­ICY 3

Finweek English Edition - - BUSINESS -

Small busi­nesses are un­able to com­pete with big busi­nesses in terms of em­ploy­ment pack­ages. As a re­sult most school leavers f ind their f irst em­ploy­ment in small busi­nesses where they se­cure ex­pe­ri­ence and skills. This deep in­vest­ment made by an en­tre­pre­neur is sel­dom re­warded since the em­ployee moves onto softer, eas­ier op­tions of­fered by big busi­nesses and government. The loss of this em­ployee has a pro­found i mpact on small busi­ness own­ers who sel­dom re­coup their in­vest­ment thus dis­cour­ag­ing fur­ther em­ploy­ment.

We call for a f irst-time em­ploy­ment sub­sidy made up of R15 000 for any busi­ness owner em­ploy­ing a f irst-time em­ployee re­main­ing in their em­ploy for 12 months or more.

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