A UN report last month warned that continued youth unemployment threatens the social and political stability of South Africa.
In the latest South Africa National Human Development 2022: Harnessing the Employability of South Africa’s Youth, the United Nations Development Programme looked at youth unemployment in South Africa through a human development lens.
To tackle its high and complex youth unemployment challenge and take advantage of the opportunities of the future of work, South Africa has to extensively invest in the 21st-century skills of its younger generation. Policy options for overcoming youth joblessness in South Africa are available. Drawing on them and learning from the experiences of other countries, the country should pursue an action agenda for expanding youth employment.
Odusolaa says this strategy can be implemented by ensuring that young South Africans can take advantage of new service work, undertake creative careers and care work, pursue social enterprises and access philanthropic funding to position the country to take full beneficial advantage of the fourth industrial revolution.
“Activity in export-orientated industries, such as mining and manufacturing, continues to be undermined by slower demand from major economies, disappointing growth in China and subdued commodity prices.” “Altogether, fading demand and rising costs will hurt corporate profits, which could lead to renewed cost-cutting, with potentially negative implications for new job creation and existing employment levels.”
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