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Unemployment Rate In South Africa Rises | Skilled Youth Migrating

This week, President Cyril Ramaphosa published a letter from his unemployment office in South Africa. In the statement, Ramaphosa said that the public authority has launched the second period of the Official Work Upgrade, which plans to open doors to monstrous companies in the country in a short period of time. The program is the President's effort to tackle South Africa's record unemployment rate, which stood at 34.4% in the last quarter (second quarter 21) or 44.4% given of the extended definition which includes people who have stopped looking for work. 

Although the Ramaphosa program represents a positive development in the management of unemployment, Marisa Jacobs, director of Xpatweb, warns that the president's agreement will not affect the South African brain. "There is no way to stop the important skills and talented workers who are leaving South Africa in droves," he said. “The impulses and impulses of public enterprises in general serve to open up new freedoms for young workers. While this prepares for the emerging era of experts, it fails to address the current issue of explicit skills.

Creating jobs for beginners cannot fill the skills gap, ”he said. Referred to the case of Nigeria, whose official unemployment rate rose completely in 2019, without further delay before the outbreak of the pandemic. Therefore, Nigeria contacted unknown lenders to view Nigeria as a super risk zone, expressing at the time that the best way to reduce its high unemployment rate was to establish a climate that would allow foreigners to enter and produce locally. 

The country said FDI would help promote the rural value chain and induce industrialization, which is a further step towards the development of unemployment. "Several studies have been carried out on the impacts of FDI on unemployment data in countries such as the United States, Macedonia, Saudi Arabia and Malaysia.

Content created and supplied by: Media-Major-Perspectives (via Opera News )

Cyril Ramaphosa Marisa Jacobs Ramaphosa South African Xpatweb

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