But the real topic is - According to the latest data, Q3, 74% of South Africa youth is now unemployed.
SA youth unemployment is catastrophic, and the world worst-case.
As businesses keep struggling under lockdown restrictions, more employees are expected to lose their jobs before the end of the year.
Some of these young people have become discouraged from participating in the labour market and they are also not building on their skills base through education and training – they are not in employment, education or training (NEET).
Of the 10,2 million persons aged 15–24 years, 32,4% (approximately 3,3 million) were not in employment, education or training – implying that close to one in three young South Africans between the ages of 15 and 24 years were disengaged with the labour market in the first quarter of 2021.
The NEET rate, seen in conjunction with unemployment rates over 60%, suggests that the youth face extreme difficulties engaging with the labour market in South Africa.
Access to foreign cheap labour has also immensely contributed to huge unemployment rate in South Africa.
The Commission for Employment Equity (CEE) has released its annual employment figures for the 2019/20 year, and among their findings is the revelation that foreign nationals are being preferentially hired for entry-level jobs at an increasing rate.
Workers originating from outside of South Africa are filling job vacancies ahead of their South African counterparts more and more, the report revealed, and the commission said this has been among the challenges it has faced in terms of achieving the goals it set out in 2015 to ensure employment equity in the country.
The country's unemployment rate is at 43.2%, which is close to 50%.
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