The Absa Business Day Supplier Development Digital Dialogue webinar tackled the pressing topic of the future of jobs in SA.
SA faces the threat of growing jobless numbers, with a call for Africa’s youth to refocus their skills into entrepreneurship. Picture: PEXELS/TIMO MIROSNICHENKO
Vusi Fele of Absa asked: “Where will social cohesion and social instability go if we don’t tackle this problem?” Africa is now at a boiling point with 45% of employees mismatched in terms of skills needed for our current economyBeyond this, to become globally competitive small suppliers must be reliable, agile and professional, and also responsive to industry trends and changing client needs.
Africa has many great minds capable of radically transforming growth but we need public and private partnerships to provide access to the right education. Ultimately though, government departments will need to work more swiftly and deliver on policies that enable broad-scale, transformative solutions to create economic growth and the skill sets to drive it, the discussion concluded.Vusi Fele, AbsaBy looking across the whole value chain, leaders in supplier development can identify spaces for entrepreneurs to provide services and create shared value. The future of jobs is a shared responsibility of employment and entrepreneurship.
Africa’s youth need to refocus their skills into entrepreneurship, placing future jobs in their hands.
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