South Africa's Youth Crises
With 57.38% of employable youths (15-24) jobless in 2019, South Africa has the highest unemployment rate in the world
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The youth crisis in South Africa is associated with the following core factors in the microeconomic and macroeconomic factors, among others: (1) low employability of the majority of youths from low-class households (mainly blacks); (2) high mortality rate of startups/early-stage enterprises; (3) weak alignment of pro-youth interventions to empowerment needs of the unemployed youths; and (4) poor attitude towards work and life by many black youths. At the macroeconomic level, the challenges related to (a) weak linkages of the fast-growing hi-tech sectors where much of the growth takes place wit...
The youth crisis in South Africa is associated with the following core factors in the microeconomic and macroeconomic factors, among others: (1) low employability of the majority of youths from low-class households (mainly blacks); (2) high mortality rate of startups/early-stage enterprises; (3) weak alignment of pro-youth interventions to empowerment needs of the unemployed youths; and (4) poor attitude towards work and life by many black youths. At the macroeconomic level, the challenges related to (a) weak linkages of the fast-growing hi-tech sectors where much of the growth takes place with the primary and secondary sectors of the economy; (b) low effectiveness and efficiency of public services delivery; (c) sluggish economic growth; (d) a fast-growing public debt profile; and (e) growing energy security challenges.
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