In his 2020 supplementary budget the Minister of Finance, Tito Mboweni, announced an allocation of R19 billion to the newly established Presidential Youth Employment Initiative. This initiative is a project of the Presidency as a priority response to the country `s longstanding and rapidly growing youth unemployment challenge. Even before COVID-19, Statistics South Africa reported that youth unemployment was at a staggering 58% mainly for the 15- to 24-year age group.
The NPC study and position paper on youth labour market transitions provides insights and recommends ways to augment existing programmatic approaches with sharper focus. The study explores the nature of youth unemployment, examining the multifaceted drivers of this phenomenon. Further, it explores the institutional landscape of youth employment enablers.
tessie18 The only thing that will solve youth unemployment problem is for companies to hire South Africans and also the government should build more factories in the townships and Rural areas
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