Accenture (NYSE:ACN) is proud to announce a partnership with Global Opportunity Youth Network (GOYN) that aims to give youth increased access to the economy and address youth unemployment at scale.
President Ramaphosa’s focus on pathways is the right approach: it is the trajectory that matters. How high or low is the probability that a person will chart through school to post-school learning to working, no matter their starting socio-economic circumstances? The nation’s overall fortunes and development depend on these probabilities.
South Africa’s youth unemployment has been rising steadily and, according to Stats SA, is now at 46.3%. Under the expanded definition (which includes those discouraged from seeking work) it rests at a shocking 74.7%. Non-profit organisation Harambee is doing its bit to resolve the crisis.
The future of work is here. Can we catch up to it? As we mark Youth Day 2021, a moment to make this change more real for young people has arrived.
On 1 June Stats SA released its Quarterly Labour Force Survey (QLFS) for the first quarter of the year, announcing an official unemployment rate of 32,6%.