Employment tax incentive descriptive report

According to the National Treasury's Employment tax incentive descriptive report the "take up of the ETI has been strong. R6.06 billion was claimed between 1 January 2014 and 31 March 2016. In 2014/15, 32 368 firms lodged at least one claim on the ETI. Whilst this is a large number of firms, this represents 15% of firms in the tax database with eligible employees. The ETI has been claimed for 134 923 jobs in 2014 and 686 402 jobs in 2015. This implies the ETI supported approximately 5 per cent of all jobs in the tax dataset based on individual employee tax certificates in the 2014/15 tax year."

"The Employment Tax Incentive (ETI) was introduced by Government on 1 January 2014 as part of a package of programs to address the social and economic problem of youth unemployment. The incentive aims to stimulate employment of 18 to 29 year olds in the formal sector by reducing the risks and costs associated with hiring younger workers, who tend to be inexperienced."