Report: 10.3 million South Africans are currently unemployed

Report: 10.3 million South Africans are currently unemployed

- The Centre for Development and Enterprises has released its latest report on unemployment in South Africa

- With countless citizens on the hunt for employment opportunities and businesses feeling the pinch in tough economic times, there is no sign of the situation improving

- The report found that over 10.3 million citizens are currently looking for a job

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The Centre for Development and Enterprise has released its most recent report on unemployment statistics in South Africa.

The information put forward that over 10.3 million South Africans are currently actively looking for employment.

This comes despite numerous pledges both in the private and public sectors to address the issue that has faced Mzansi for years, Briefly.co.za gathered.

Some other interesting information to come out of the report included the following:

  • Only 42% of adults in the country work (nearly 21% lower than the average for middle-income in other countries)
  • Over the course of the past decade, the number of citizens looking for work but unable to find any increased from 6.5 million to 10.3 million
  • 1 700 Citizens join the workforce every single day but less than 500 find work
  • Citizens under 34 are facing staggering odds. Out of the 2.2 million who joined the workforce over the past decade, over 500 000 couldn't find work

READ ALSO: Eskom warns SA ahead of possible load-shedding: Mzansi weighs in

Clement Manyathela recently interviewed Ann Bernstein, the founder of the Centre for Development and Enterprise for Cape Talk FM:

"10.3 million and rising! It’s a catastrophic situation. All the job summits, presidential summits, projects and Nedlac debates have not worked, it’s terrible! The current approach to jobs is not working, a totally new approach is long overdue. We have the deepest unemployment crisis in the world!"

Bernstein feels the state is failing to adequately address the underlying causes with regards to this issue:

"Government has failed to address its underlying causes: slow economic growth and labour market policies that discourage employers from hiring unskilled workers… even with faster economic growth, we must make changes to the labour market."

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Source: Briefly.co.za

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