President Cyril Ramaphosa announced in his state of the nation address (Sona) that a jobs summit would be held within the next few months to harness the energies of business, labour and government behind a major job creation initiative. The summit will look at what is needed to ensure that the economy grows and becomes more productive, and to ensure greater investment. Ramaphosa emphasised in his speech that the most grave and pressing challenge facing the country was youth unemployment. Youth will be moved to the centre of the government's economic agenda and in March, a youth employment service would be launched, which would place unemployed youth in paid internships in companies. "Together with our partners in business we have agreed to create 1-million such internships in the next three years," Ramaphosa said. A youth working group would be established to represent the youth and ensure that policies and programmes represented their interests. An investment conference would also ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.