SA Job Summit: Ramaphosa vows to lower 52.4% unemployment among youth

SA Job Summit: Ramaphosa vows to lower 52.4% unemployment among youth

The annual Job Summit would focus on reducing the unemployment rate among the youth in South Africa.

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On Thursday, the 2018 Job Summit kicked off and already it is proving to be one full of promise.

President Cyril Ramaphosa is a chairperson at the meeting, where leaders in the government, business and labour industries gathered to discuss a strategy to boost the economy.

During the first day of the Summit, Briefly.co.za learned the president vowed to address the unemployment among the youth in the country and the meeting would focus on ways to do exactly that.

The second quarter of 2018 saw a growth in employment by 206 000 jobs. However, despite the growth rate, unemployment in the country is still at an alarming 27.2%, The South African reported.

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More statistics showed 52.4% of graduates were left without a job. Thus, the government said it planned to raise employment by 11 million to 24 million before 2030.

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"In the National Development Plan, we said that if we were to effectively and sustainably tackle this triple challenge, we should aim to reduce unemployment to at least 6% by 2030," Ramaphosa said.

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Source: Briefly.co.za

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