In two weeks’ time, our official statistics body will release its quarterly report on employment and labour in SA. It won’t yet paint a full picture of the employment situation, taking into account the 442,000 young people who passed matric and how they contribute to the labour sector and economy. The Department of Basic Education indicated that this cohort of young people coming out of the basic education system was the largest cohort in history. Given everything we know, many of them will join the more than 30% of youth between the ages of 15 and 24 who are not in employment, education or training. Narrowing the grouping, nearly half of all young people between 20 and 24 are outside training and employment. In Germany, this is only 10%, second only to Switzerland. This is according to a study released by PwC and that was released in October 2016 under the PwC Young Workers Index. The study estimates that "the world would be $1.1-trillion richer if it treated its young people more ...

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