Jane Mlambo| Minister of Finance and Economic Development Professor Mthuli Ncube has offered incentives to corporates that generate jobs for young people, ZimEye can report.

Presenting the 2020 national budget, Ncube said the new measure is aimed at reducing the cost of hiring young people as government will also share the cost.

“Under the 2020 Budget, a fiscal incentive is being introduced to support employers who generate jobs for our young job seekers. Any additional job created will attract a percentage tax credit to the employer.

“This measure will reduce the employers cost of hiring young people through a cost-sharing mechanism with Government.

“To operationalise YETI, the Ministry of Finance and Economic Development will work closely with ZIMRA, Ministry of Justice, Ministry of Labour, EMCOZ and other relevant organisations to work out the respective legal and administrative framework,” said Mthuli Ncube.