Agenda 2019: Tackling youth unemployment urges voters to find out what political parties are going to do to lift the terrible burdens of unemployment and exclusion.
The youth unemployment rate was 38.9% in the fourth quarter of 2018. 7,9 million SA youth were Not in Employment, Education or Training (NEET).
Slow economic growth means reduced employment creation. Other causes of youth unemployment include an increasingly capital intensive economy; government policy decisions; a shortage of job-relevant skills; a poor education system; and high costs to travel to and from work.
Scale is important. What matters is not the size of the employment-generating projects, but their quantity.
Profit-seeking firms are the most efficient vehicle for delivering millions of jobs.
To reduce youth unemployment, South Africa needs accelerated inclusive growth that is urban-led, private sector driven, enabled by a smart state that understands markets.