One of the key interventions under the Economic Reconstruction and Recovery Plan is the Presidential Employment Stimulus, with over 850,000 opportunities created through job creation, job retention and livelihoods support programmes since October 2020. Eighty-five percent (85%) of jobs created by the Presidential Employment Stimulus have gone to youth. This includes over half a million young people placed as school assistants since the inception of the stimulus.
In addition, the National Youth Development Agency continues to focus on the development of startup and scale up youth micro enterprises. Over the last five years the National Youth Development Agency has supported more than 100 000 young people through non-financial interventions such as entrepreneurship training and business development services.
For example, over 7 000 young entrepreneurs have been supported with development finance support through grant funding. In the 2022 / 2023 financial year, the National Youth Development Agency will support 25 000 young people with non-financial interventions, and 3 000 youth entrepreneurs with financial interventions in their entrepreneurship initiatives.
The Department of Higher Education and Training is also working closely with different bodies within the private sector across key sectors of the economy to unlock skills support for young people. This work will look at accelerating the skills intervention component of respective sector Master Plans, and unlocking latent demand in key labour intensive growth sectors. In this regard, Government’s initial focus will be on digital and technology, agriculture, automotive, social and renewable sectors.
Government is working directly with the private sector through the Youth Employment Services, which is an initiative of the private sector to address the ever-increasing challenge of youth unemployment in South Africa. The outcome of this initiative is to place the graduates to the private sector for learnerships, and internship programmes.
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