STAFF REPORTER
Deputy President Paul Mashatile says the government is committed to help in drawing more young people into the economy by affording them with skills needed.
Mashatile was speaking on Thursday at the second NYDA Investment Roundtable discussion, which is being held under the theme, “unlocking investments for human capital for an inclusive economy.”
He said the government is addressing the mismatch between the skills needed by the economy and those possessed by young people while he acknowledged that South Africa is going through the most difficult period in the history of its democracy.
“We are faced with challenges ranging from an ongoing energy crisis to high unemployment rates, dwindling investor confidence and an economy that is not growing rapidly enough to meet our development goals,” he said.
According to Stats SA, the youth unemployment rate reached 62.1% in the first quarter of 2023.
Nearly two-thirds of young people
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