Investment in job-creating industries needed to curb unemployment | The Citizen

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📊💼 Following the recent release of unemployment statistics, it's crucial now more than ever to prioritise investments in job-creating industries as a means to combat unemployment. Read more on TheCitizenNewsBusiness ⤵️

“Millions of skilled and unskilled South Africans, including breadwinners and the youth have re-entered the labour market over the last three years with only those with in-demand skills managing to return to employment,” she says.

Nwaneri says the latest unemployment data also reveals that the era of low-skilled jobs making up the bulk of South Africa’s labour force is on its last legs. “Industries that shed the most jobs in the economic aftermath of the Covid-19 pandemic have been those traditionally known to provide employment to South Africa’s lowest skilled and therefore most vulnerable people.”

“A massive and deliberate effort to align youth skills development with the fourth industrial revolution is the ultimate solution to all three of these mammoth challenges,” Nwaneri says. As Ramaphosa said in a previous address, government does not create jobs, businesses do. Partnerships between government, industry and the NGO sector will ensure that the full potential of South Africa’s labour market is used to stimulate the economy, she says.

 

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