Former public protector Thuli Madonsela says South Africa’s youth need financial and market support and land, not just education.
Madonsela shared her views over the weekend after the latest unemployment statistics were released.
“If you want to unlock the potential of young people, don’t assume that they all need an education, emergency aid or a job.
“If you disaggregate young people, you will realize that only a significant number of them need recognition and business support, mainly related to finance and markets,” Madonsela said.
She said some entrepreneurial young people also need land.
“While some need skills for the fourth industrial revolution, there are many young people with skills who are committed, others to the challenges and opportunities of the fourth industrial revolution who are struggling to get financial assistance and support from the market.”
The latest data from Stats SA shows that the unemployment rate fell to 34, from a record high of 35.3% in the fourth quarter of 2021. 5% in the first quarter of 2022.
Coming after Manufacturing and mining jobs were created and the government hired more people through its public works program. It’s the first drop since the second quarter of 2020, when lockdowns prevented jobseekers from slowing the spread of Covid-19.
According to the latest data, an estimated 370,000 jobs were created between the fourth quarter 2021 and in the first quarter of 2022.
The largest increases in employment were in municipal and social services, in manufacturing and in trade.
However, despite the 0.8% -percentage pointDecline, Stats SA says youth remain vulnerable in the labor market.
In the first quarter of 2022, the total number of unemployed youth aged 15-34 fell by 0 .1% (or 5,000) to 4.7 million since the fourth quarter of 2021.
The number of employed young people had increased significantly by 5.0% or 244,000 in the same period.
The data also showed Eastern Cape, Mpumalanga, Limpopo and KwaZulu-Natal recorded eten extended unemployment rates of over 50%.
The four provinces also had a difference of more than 15% between extended and official unemployment rate.
“African American women are with an unemployment rate of 40.6% most at risk in the first quarter of 2022. That’s 4.1 percentage points higher than the national average for women of 36.4%.
“About 3.8 million (37%) out of 10.2 million young people aged 15-24 were not in employment, education or training (NEET). The overall NEET rate increased by 4.6% in Q1 2022 compared to Q1 2021,” according to Stats SA.
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