Currently available evidence does not convincingly show any substantial effect on job creation. That means the incentive is effectively a subsidy to the profits of companies, so it’s increasing societal inequality rather than reducing it.
AuthorSeán Mfundza Muller
Seán Mfundza Muller is a Senior Research Fellow, Johannesburg Institute for Advanced Study, University of Johannesburg.
He is an economist by training with a wide range of intellectual interests from public finance to philosophy of science, and a similarly wide range of expertise including experience in national government and Parliament.