President Ramaphosa’s Plans On Youth Unemployment
Stats SA announced that the country’s unemployment rate is currently at 29.1%. This was the same stats reported for the previous term. However, youth unemployment was reported at over 40%.
Fixing youth unemployment was also highlighted on the President State of the Nation Address for 2020.
“More than half of all young people are unemployed,” Ramaphosa said
“We need to make this country work for young people, so that they can work for our country,” he added.
Ramaphosa promised that dealing with youth unemployment will be an immediate act. “We begin the implementation of the Presidential Youth Employment Intervention – six priority actions over the next five years to reduce youth unemployment,”
President Solution To Youth Unemployment
Ramaphosa outlined the following strategies to combat youth unemployment.
- Starting this month, we are launching five prototype sites in five provinces that will grow to a national network reaching three million young people through multiple channels,
- Second, we are fundamentally changing how we prepare young people for the future of work, providing shorter, more flexible courses in specific skills that employers in fast-growing sectors need.
- Third, we are developing new and innovative ways to support youth entrepreneurship and self-employment.
- Fourth, we are scaling up the Youth Employment Service and working with TVET colleges and the private sector to ensure that more learners receive practical experience in the workplace to complete their training.
- Fifthly, we are establishing the first cohort of a Presidential Youth Service programme that will unlock the agency of young people and provide opportunities for them to earn an income while contributing to nation building.
- Finally, we will lead a youth employment initiative which will be funded by setting aside 1% of the budget to deal with the high levels of youth unemployment.