South Africa: Youth Employment Relies On a Rising Tide of Growth - but That's a Hard Ask Right Now

analysis

If we are to alleviate rising youth unemployment, we need sustainable and predictable growth, locally and globally, which is looking increasingly unlikely. President Cyril Ramaphosa is fully committed to tackling this national crisis but is that going to be enough - or is inequality going to continue rising and with it the risks to South Africa's stability.

In his Youth Day address on Sunday, President Cyril Ramaphosa described youth unemployment as a national crisis - and so he should. The youth unemployment rate broke above 55% in the first quarter of this year; up on the fourth quarter of 2018, higher than its 2013 to 2019 average and way above the 27.6% national unemployment rate.

It's little wonder that the youth of today are feeling such despair and hopelessness about the future.

With youth representing more than a third of the South African population, their future becomes our future. That makes it all the more important to put as many resources as possible behind turning around this worrying trend.

Recent IMF Research confirms that the most important requirement for making inroads into unemployment - and youth unemployment in particular - is economic growth. But not just any economic growth, it...

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