South Africa: Government should be fixated on youth employment – Pityana

Unisa’s former head says learners should be paid to stay in school.

The preoccupation of government “day and night” should be on the 55% of young people under 30 who are unemployed, with many of them never having been employed, says Barney Pityana, the retired principal and vice chancellor of the University of South Africa.

“If [as government] I get nothing else right, this is what I must get right yesterday,” he told the Tshwane Leadership Summit on Wednesday.

Pityana was critical of the lack of imagination in government and questioned why there was not a major government initiative right now to address “this ticking time bomb”.

He added that if he was in government, he would be making a big announcement that addressing youth unemployment was the priority.

Pityana said this would involve raising dedicated capital from all businesses for this initiative, with “some of it voluntary but if it doesn’t come, by other means”.

Pass a law if necessary

He said this capital would be used to ensure, even if a law had to be passed, that every young person who was not at school, university or working, would be in a training programme for 12 months where they would get supported and receive incentives.

Money would also be made available for all kinds of training centres countrywide and when they finished their training in 12 months’ time, there would be a fund to enable them to have start-up businesses, he said.

“All over the country there will be young people well engaged in training and learning and whatever is happening so they don’t just stay on the streets or are lying about,” he said.

‘Pay learners to stay in school’

Pityana said he would also do what former British prime minister Margaret Thatcher did in paying young people of 18 and 19 years old to stay in school for another two years to get further training.

“The point I really want to make is that if you have leadership with imagination, you wouldn’t just be stuck in the old way of doing things and simply say that this is the way the economic forces are actually working and therefore there is no other way.

“That is not good enough for a country in an environment like ours. Young people in our country are entitled to expect better of us,” he said.

He pointed out that there is no other country that had an unemployment rate of 25% and retained the same government.

He said this was part of the dilemma in South Africa, which did not make sense at all, where the government does not deliver for the people at the level where it matters and yet these people still vote for the same government.

Tragic ethical gap

Turning to corruption, Pityana said there was a “tragic gap” in South Africa in that there was nobody at a high level who did not hate corruption but what they did and the way they acted was at a very different level.

“Even those who are right in the thick of it, they will tell you – and will probably mean it – that they hate corruption. It’s like seeing Ace Magashule [ANC secretary-general] saying that we the ANC have been working so hard against corruption and we say: ‘Ha! Who is talking?’”

The reference to Magashule is related to various allegations of corruption that have been levelled against him.

Pityana stressed that people have to be able to be critical of themselves and capable of having a critical insight of human conduct, including their own.

“If you don’t have a critical sense and the courage to respond to your own critical intuition and insight, you will never be able to see anything that is wrong,” he said.

Pityana referred to the extent to which good men and women for some reason had been able to capitulate to what was obviously a crooked programme.

He said those who know Brian Molefe – one-time CEO of the Public Investment Corporation, Transnet and Eskom – would never have expected a few years ago that he would be an agent for a corrupt project.

Molefe has been linked to corruption involving the Gupta family.

Pityana said Zuma boasted that he never went to school but his power over educated people would “put all of us to shame”.

“He has been able to manipulate very educated and knowledgeable people way beyond his own intelligence and education.

“What kind of country is that? How can we have a country where at the end of the day educated people cannot act like intelligent people?

“That is something that needs further examination,” he added, “because I’m no longer able to confidently say that educated people, on account of their education and knowledge, are able to distinguish and to discern right from wrong, and to know the consequences of what they are doing our country.”

Source Money Web

Namibia Youth Unemployment Rises By 2.7 Percent

Namibia’s youth unemployment rate for 15-34 year old bracket has risen by 2.7 percent from 43.4 percent in 2016 to 46.1 percent last year, the 2018 labour force survey results released Thursday showed.

Speaking at the event of the release of the survey, Statistician General Alex Shimuafeni said the country still had a lot to do to reduce unemployment especially among the youths.

“Unless we do something serious, the trend will continue to go up,” he said.

According to the survey, overall unemployment reduced slightly by 0.6 percent from 34 in 2016 to 33.4 percent in 2018.

“There was no significant difference between the figure of 2016 and the one of 2018,” he said.

Youth unemployment in Namibia has been on an upward trend since 2012, rising from 37.8 percent to 43.4 percent in 2016.

Source Xinhua

Report: Unemployment levels rising among Botswana youth

About 25 percent of the youth in Botswana are yet to find employment, according to data released by Statistics Botswana on Wednesday.The statistics, which covered the years 2017-2018, show that unemployment has risen as compared to 2015-2016 when it was pegged at around 20 percent.

The report noted that those who are categorised as youth are aged between the ages of 15 and 35.

The Botswana Multi Topic Household Survey also revealed that the most affected age group are those between 18 and 19 years as well as 20 and 24 years, whose unemployment figures were pegged at 48.1 percent and 37.3 percent, respectively.

It states that by education level, those who only completed Junior Certificate are the mostly affected by this predicament, constituting 42 percent of the total unemployed youth.


Source journal du cameroun


Ghana: Urgent Action On Youth Unemployment To Launch

Pressure group, Dynamic Youth Movement of Ghana (DYMOG) will in the coming days launch a project aimed at combating the the growing increase in unemployment amongst the youth.

The group which has embarked on rigirous anti corruption projects is now setting it’s radar on Youth Unemployment.

The campaign dubbed “Urgent Action on Youth Unemployed” will be launched on Monday 28th January at the University of Ghana.

The “Urgent Action On Youth Unemployment Campaign” seeks to create awareness about the alarming rate of Youth Unemployment and the need for immediate measures to be insituted to avert this issue which poses a threat to our National Security .

The Launch is set to bring together major stakeholders like Political Parties, TUC, Association of Ghana Industries, Academia and Student Leaders.

According to the group, the growing number of unemployed youth in the country poses a threat to the country’s development hence the need for such a dialogue between stakeholders.

The group which has been in existence since January 2017 has contributed immensely to the national discourse on issues bothering the youth.


Source Modern Ghana


The youth unemployment conundrum and potential solutions

By Yasmin Ahmad Kamil

Youth unemployment can derail future plans, such as paying off student loan debts, buying a home and starting a family.

A traditional life cycle for some may typically include: studying, getting a job, getting married, and retiring.

However, this concept is growing archaic as more and more young adults are finding it tougher to find employment after graduation. This obviously derails their future plans such as paying off their student loan debt, buying a home, starting a family and being able to save and invest.

According to the International Labour Office (ILO), the global youth unemployment rate stands at 13 percent – three times higher than the figure for adults, which is 4.3 percent. In their report titled World Social and Employment Outlook – Trends 2018, they noted that “young people under the age of 25 are less likely to find work than adults.”

According to the United Nations in 2015, the global population of youths – individuals aged between 15 and 24 years – numbered to about 1.2 billion globally. This accounts for one out of every six people worldwide. Meanwhile, the Population Reference Bureau (PRB) Projects notes that the youth population is expected to reach 1.4 billion by 2050.

Youth unemployment has been a longstanding issue that affects various countries, including Greece, Spain, Italy, Pakistan, Jamaica, South Africa, Turkey, Malaysia, and Australia.

While there are many micro and macroeconomic factors that affect youth unemployment, the primary reasons may vary between countries. For example, Greece’s youth unemployment rate is attributed to the country’s crippling debt while in Malaysia, MIDF Research notes that the problem is attributed to a skills mismatch, with demand for low-skill jobs higher than high-skill occupations.

Other reasons that have been cited in various reports include a lack of job opportunities, a lack of work experience, inadequate qualifications and a discrepancy between a graduates’ asking salary and the salary offered by employers, among others.

Consequences of youth unemployment

Psychologically, unemployed youths in high-income economies with post-secondary education tend to suffer more compared to those with lower education qualifications

A lack of involvement of this dynamic segment of society in the labour force, though, not always by choice, has many negative implications on the lives of youths as well as the economy.

Some of which include youths being unable to pay off their student loan and other forms of debt, which will cause their interest to accrue, and affect their credit score and ability to get future loans.

To boot, youth unemployment has been related to mental health problems; a Swedish study has found that the problem appears to be strongly associated with alcohol and drug use disorders.

It can also negatively affect the physically well-being of youths, impede their skills development, potentially cause youth homelessness and a lower output, loss of human capital and increased poverty, especially in developing countries.

It is clear that being young, educated and involuntarily unemployed has profound effects on an individual’s future, as well as the broader economy.

A way forward

Some of the potential solutions to youth unemployment may include focusing on vocational and entrepreneurial education.

As the reasons for youth unemployment vary between countries, each country needs to ascertain the right solution that would help them tackle the problem of youth unemployment effectively.

For some, it might involve turning to vocational education to minimise the skills mismatch between graduates and what the labour force needs.

A report in The Guardian noted that vocational education “tends to result in a faster transition into the workplace, and countries that have it at the core of the curriculum – such as Germany, Switzerland, Austria and the Netherlands – have been successful in maintaining low youth unemployment rates.”

For example, Germany has enjoyed a relatively low youth unemployment rate by international standards, with reports suggesting that its dual vocational education and training – or combination of on-the-job training and part-time education – has worked well for the country.

While there may be other factors at play that have contributed to their low youth unemployment rates, such as favourable economic conditions, it serves as something other countries could potentially emulate.

Meanwhile, Unesco notes that entrepreneurship is seen as a viable alternative for job creation to tackle the problem of youth unemployment.

It adds that: “At the same time, the traits and characteristics of entrepreneurs – creativity, innovation, critical and strategic thinking, adaptability, resourcefulness, motivation, confidence, risk-taking and more – resonate deeply with educators and parents.

“Countries with such talented girls, boys, women and men will be better equipped to deal with the demands of the 21st century.”

Of course, starting a business as an entrepreneur will require a whole lot more than just a willingness and interest to do so, so it’s not always the most viable option for everyone.

Those who don’t feel confident enough to take such a risk could also consider joining the gig economy – ie. becoming an independent contractor or freelancer and taking up short-term jobs or projects relevant to their expertise on contract basis.

With tech disruptions and virtually every industry going digital came the rise of the gig economy, a trend that can be extremely beneficial for fresh graduates looking to join the workforce. It’s also an opportunity for them to learn the art of the hustle, which will sharpen their survival skills in the long run, especially in a dog-eat-dog world.

Apart from the above, governments could also consider spending more effort on developing educational programmes that will benefit youths. This is being done in Spain, where the government has said it aims to “promote training programmes that come with a promise of employment at the end, by working hand in hand with companies”, reports The Local Spain.

It adds that the government has said it would inject €2 billion (US$2.3 billion) into battling youth unemployment, which stands at a whopping 33 percent.

While the intricacies of youth unemployment suggest that there is no one-size-fits-all approach to tackling the issue, it is clear that a multifaceted approach is needed to address the problem.

Source Sinews

First Bank moves to tackle youth unemployment in Nigeria

First Bank of Nigeria Ltd., on last Thursday reiterated its commitment to tackling the nation’s rising unemployment rate with youth empowerment initiatives aimed at wealth creation.

Mr Gbenga Shobo, the bank’s Deputy Managing Director, speaking in Lagos on the sidelines of the youth empowerment initiative with the theme “Goals. Grit. Grind.” said that the bank would remain committed on ways to tackle the nation’s unemployment rate by catching them young.

“We like the youths to start understanding wealth and how to create wealth.

“You also understand that in Nigeria now, it’s a bit of unemployment and we want to start early with the youths to start teaching them how to create wealth, especially outside the formal employment,” Shobo said.

He said that the youth empowerment initiative which started in 2017 was introduced to strengthen financial inclusion and as well make the youths independent, instead of relying on their parents for everything.

“We want to start young and we have two sets of people here today — 9 to 13 years and older ones — we don’t think it’s too young at all to reach out to the youths segment.

“Some of them who were here last year have used what they learnt to be financially independent. A lot of them have started doing things on their own, while waiting for formal employment.

“We will continue to do this series to strengthen economic growth and development,” Shobo said. He said that the bank, through the initiative, had instituted various investment clubs for mentoring of youths to enhance financial freedom.

“Some of them have investment clubs; we are involved in some of these investment clubs, so, within those clubs, we help to mentor them,”the deputy managing director said.

He said the bank had introduced other financial inclusion strategies that make it easier for people to open an account without stress. Dr Aderemi Banjoko, Director & Founder, dbkMarkets, a global online trading company, who was the guest speaker, tasked the youths on wealth creation, money management and investment.

Speaking on the topic “Financial literacy for youths”, Banjoko said that knowledge was key to financial literacy and management.

He said that financial literacy entails ability to make informed judgements and take effective decisions regarding the use and management of money.

Banjoko stressed the need for diversification of investment to minimise risk, noting that investing in different asset classes remained the main thing.

He urged the participants to invest in stocks and shares, money market mutual fund such as commercial papers, treasury bills, among others.

Banjoko enjoined them to invest through financial experts in order not to make mistakes, advising that investing through mutual funds would be safer for them.

This article was first published on Vanguard

South Africa: Creating opportunities for unemployed youth

By Mercury Reporter

One of South Africa’s leading transformation consultancies, BEE Novation, will be hosting a one day seminar dealing with the latest developments in transformative BEE and the benefits of implementation of the YES initiative.

The YES initiative encourages corporates to create employment opportunities for unemployed black youth by incentivising the private sector to participate through rewarding companies with higher BBBEE scorecard levels if they meet the targets.

The benefits of YES

Increase your BEE scorecard by up to two levels by implementing YES.

Meet and listen to the opinion creators and decision makers in charge of YES, DTI and BEE to understand the best approaches to implementing BEE and transformation initiatives across the South African landscape, through the YES programme

Free labour in your business or NPO if you have Y.E.S beneficiaries placed with your company.

Meet and interact with key players and executives in BEE and transformation initiatives including verification agencies, consultants, BEE/transformation managers and engage the DTI with technical questions on implementation of Y.E.S.

Understand the link between Employment Equity, the BCE (Basic Conditions of Employment) Act and YES participants.

Learn how best to align and structure your YES beneficiary spend and at the same time improve your procurement points in the process.

Understand how YES implementation partners and enhances government and business collaboration.

Contribute to increased economic growth, investment, social and political stability and the reduction of our country`s unemployment rate.

Position your company ahead of the competition through the implementation of YES

Have your questions on BEE answered by experts in the field of transformation.

The seminar will take place at the Gold Business Club at the Moses Mabhida Stadium on Friday, November 23 from 9am.

Source – IOL

South Africa: New platform to combats youth unemployment

By Mel Muller

An alarming number of graduates are struggling to enter the job market. According to Statistics SA, South Africa’s unemployment rate among people between 15 and 34 was a staggering 52.8 percent in the third quarter of 2018.

In an attempt to tackle youth unemployment and bridge the gap between the youth and industry, a new digital platform called Trusted Interns has been launched.

The purpose of the initiative is to uplift and transition the community and allow youngsters to gain valuable on-the-job training while being paid. Trusted Interns founder Jaryd Raizon says youth unemployment in South Africa is reaching epidemic proportions and that we all need to work together to solve this problem as a matter of urgency. He further states that one of the most significant pain points in running a business has always been talent. It’s not just about finding the right people, but keeping, growing and empowering them.

Raizon says companies are not actively investing in the long term by hiring and educating the youth, but they are allocating their budgets towards “experienced individuals”, which is further perpetuating the unemployment problem. To contribute to solving it, Raizon launched http://www.trustedinterns.co.za to assist the youth in obtaining the valuable experience and training required for them to progress and contribute to society. The platform is easy to use at affordable rates to organisations, and the funds generated are reinvested into the development and roll-out of other career progression offerings such as job preparation workshops, mentorship programmes and bursary schemes for the youth. Raizon says the portal is not built to be a moneymaker, but rather to contribute to the upliftment and transformation of South Africa at scale.

The platform allows for employers looking for paid interns to post available internships within their organisation online. First-time job seekers are able to engage with organisations and apply for entry-level opportunities by creating a comprehensive online profile and showcasing their education, skill sets and portfolio. An in-journey “instruction” message, as well as a chatbot, has been implemented to assist students during the registration process. Job-seekers can view a list of available internships, company details, salaries on offer, images of the office environment, a description of the company culture as well as the structure of the team. Raizon says the reaction to the initiative has been incredibly positive, not only from graduates and organisations but the community as a whole.

He says with the support of the community, the right team and right tech Trusted Interns will be scalable and sustainable and, although it is still in the beta stage, beta clients are hiring through the initiative. Raizon is confident that the platform can contribute significantly to solving the issues of youth unemployment. The platform can be found at http://www.trustedinterns.co.za. More than 15 companies are currently engaging and hiring through the portal.

Source – Independent Online