Friday, June 21, 2024
HomeFor: Policy MakersPrioritizing mass youth employment in South Africa

Prioritizing mass youth employment in South Africa

Recently, Deputy President Paul Mashatile delivered a keynote address at the South African Youth Economic Council (SAYEC) Gala Dinner, where he emphasized the need for South Africa to prioritize the creation of mass youth employment and business opportunities. As policy makers, it is essential to take note of this call to action and work towards addressing the pressing issue of youth unemployment in the country. 

According to the latest statistics, South Africa’s youth unemployment rate stands at a staggering 46.3%, making it one of the highest in the world. This situation not only affects the young people themselves but also has negative consequences for the country’s economy and social stability. It is, therefore, crucial to focus on creating opportunities that will enable young people to become economically active and contribute to the growth of the country. 

In his address, Deputy President Mashatile shared that he believes by implementing policies that foster entrepreneurship, enhance vocational training, improve access to finance, and encourage private-sector investment, “We can empower our youth and pave the way for a prosperous future,” he stressed.  

The platform focused on “assessing government and private sector policies necessary for mass youth employment and business opportunities in South Africa”.  

“This theme serves as a compelling call for both the government and private sector to collaborate to evaluate and deliberate on strategies that can expedite the involvement of young individuals in the critical sectors of the economy.” 

“South Africa has a diverse economy with several promising sectors that entrepreneurs can take advantage of.” He said sectors currently driving the economy include manufacturing, retail, financial services, mining, agriculture, tourism, and the green industry. 

Deputy President Mashatile’s call to work towards creating an enabling environment for young entrepreneurs to thrive and contribute to the growth of the country’s economy is critical. “We must create an enabling policy framework encouraging private sector investment in youth-focused industries,” he concluded. 

WATCH: Share your views with us on the Deputy President’s address at the SAYEC Business Gala Dinner.

Article on SANews.gov.za

Lynn Brown
Lynn Brown
Lynn is a content marketer that focuses on brand storytelling through digital platforms. Skilled in a background of web development, search engine optimization and content production, Lynn is excited to utilize over 10 years’ experience in digital marketing to help grow the ecosystems that support Africa’s very young entrepreneurs to ensure their success.

Resources to Download

Newest Resources

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Stay Connected

LinkedIn

Twitter

Youtube

Facebook

Latest Articles

JOIN THE ANZISHA MOVEMENT

Get instant access to a library of resources that can help you and any young entrepreneur you know build their own enterprise!