The private sector employs about three-quarters of SA’s workers and accounts for more than two-thirds of investment and research and development spending. The economy needs a thriving private sector that is investing in productive capacity.
But youth unemployment is a significant challenge. In mid-May, Stats SA released crushing figures that showed SA’s unemployment rate rose to 27.6% in the first quarter of 2019, nearing a 15-year high. Critically, of SA’s 20.3-million young people aged 15–34 years, 40.7% were not in employment, education or training. It is vital the private sector plays a role in providing young people with tools to find meaningful employment and business opportunities...
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