Tackling youth unemployment in SA
South Africa's unemployment rate inched up to a two year high of 33.5 per cent in the second quarter of this year, according to the latest data out from the national stats agency. In youth aged 15 to 34 years of age, the agency's "NEET rate", a measurement of those not in employment, education or training, accelerated even faster to 44.2 per cent in the same period. To address some of the issues impacting more than 10 million South African youth, CNBC Africa’s Sally Sithole filed this report.
Tue, 13 Aug 2024 16:09:58 GMT
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AI Generated Summary
- The partnership between McDonald's and Kitsita aims to provide opportunities for youth up to 27 years old, focusing on essential skills development and job readiness.
- Collaboration between employers, industry stakeholders, and educational institutions is crucial to bridge the skills gap and reduce unemployment rates by aligning education with market demands.
- McDonald's commitment to recruiting and retaining young talent, leveraging technology like AI to enhance customer experiences and create new job opportunities, showcases a sustainable growth strategy in a challenging economic environment.
South Africa's unemployment rate has reached a two-year high of 33.5 per cent, with the youth aged 15 to 34 facing an even bleaker outlook at 44.2 per cent, according to recent data. To address this pressing issue impacting over 10 million young South Africans, initiatives like the partnership between McDonald's and Kitsita are coming to the forefront. Through programs targeting youth up to 27 years old, with a minimum requirement of a metric qualification, opportunities are being created to uplift communities and provide essential skills for the job market. Sally Sithole's report sheds light on the importance of collaboration between employers, industry stakeholders, and educational institutions to bridge the skills gap and reduce unemployment rates. The focus on occupational qualifications driven by industry needs is a step towards aligning education with market demands to empower graduates and enhance workforce readiness. Mark Stivella, Kitsita's CEO, emphasizes the pivotal role of sector education and training authorities in driving this transformation to support economic growth and job creation. Greg Solomon, the CEO of McDonald's, highlights the company's commitment to recruiting and retaining young talent, with a strong focus on education and upskilling within the organization. Leveraging technology like AI, McDonald's is enhancing customer experiences and creating new job opportunities, debunking the myth that automation leads to job losses. As McDonald's continues to expand its footprint across South Africa, particularly in urban areas with plans to reach smaller towns, the company remains dedicated to sustainable growth and meeting customer demands in a rapidly evolving market landscape.