Ramaphosa on unemployment: We are in deep and serious crisis

Ramaphosa on unemployment: We are in deep and serious crisis

President Cyril Ramaphosa has announced that South Africa's unemployment rate is a 'deep and serious crisis'. This comes as millions seek job opportunities, with the rate sitting at a ten-year high of 29%.

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Ramaphosa has acknowledged the nation's unemployment rate, dubbing it a crisis.

Briefly.co.za reported that Stats SA had released their finding that the rate had jumped to 29%, the highest it has been since 2008.

Commenting on the situation, following calls for him to act upon it, Ramaphosa said:

"The enormity of joblessness, together with low economic growth and the adverse global economic conditions means that we are called upon to come up with a whole number of solutions. And some of those means that we must be innovative, and we must combine that with our willingness to be as creative as possible to address this crisis. Because we are essentially in a deep and serious crisis."

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READ ALSO: StatsSA reveals that unemployment has hit 29%, worst in a decade

News24 reports that Ramaphosa has received a report on the progress made after implementing the resolutions from 2018's job summit.

Meanwhile, 6.7 million South Africans remain unemployed and desperate.

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Source: Briefly.co.za

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