Presidential Employment Stimulus has delivered 1.2 million jobs

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[Listen] Right now 235 000 young people are placed in 23 000 schools in the biggest youth employment programme ever Dr KatePhilip of PresidentialEmploymentStimulus tells maggsonmedia on MoneywebAtMidday podcast Download the podcast below. Moneyweb

JEREMY MAGGS: South Africa has the highest unemployment rate in the world after its rate increased to 32.9% in the first three months of 2023, after another 179 000 people lost their jobs. Considering this, what tangible new policy interventions could government now take to make any kind of dent on unemployment. Dr Kate Philip is programme lead at the Presidential Employment Stimulus.

They start by producing things that are needed at the local level and in their neighbourhoods and selling to people in their neighbourhoods and expanding from there. That particular trajectory into small enterprise development and employment creation is largely closed in our context because of the structure of the economy. So I think that we need to understand that we confront particular problems.

So it is for these reasons that we argue, and certainly from the perspective of the Presidential Employment Stimulus, that we have to have complimentary interventions that use social provision of employment to compliment what we expect from the market. So, for example, right now we have 235 000 young people placed as school assistants in 23 000 schools in the country. That is the biggest youth employment programme the country has seen. What it’s doing is providing young people with that missing link in their CVs , a crucial work experience, a very high quality one, often a one-to-one mentorship relationship with teachers.

So the interventions that are needed to create sustainable jobs are not going to happen, switching a switch on, they’re going to take time and the society can’t wait that long for people to get opportunities. So we need interventions, complimentary interventions, that hold that space in a sense, give people a sense of hope, a sense of opportunity, a sense of work experience.

Source: Education Headlines (educationheadlines.net)

 

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