Integrated support for startups the solution to youth unemployment
The government and the private sector need to put in place programmes and facilities that nurture new business ventures
Most governments in Africa share the common problem of high youth unemployment. Global economic forces and decisions of powerhouses like Britain and America are increasingly affecting the growth of African economies. African countries have thus found themselves on the back foot, unable to stimulate their economies sufficiently to create jobs, especially in the formal sector.
In SA, many big corporates have restructured their businesses and implemented large-scale retrenchments. The mining sector, on which the SA economy relies heavily, has also experienced challenges over the past few years. Policy uncertainty had deterred investors, not to mention the impact of global market trends on the price of commodities and currency exchange rates...
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