Home South Africa News Ramaphosa calls on private sector to curb unemployment

Ramaphosa calls on private sector to curb unemployment

Cyril Ramaphosa

President Cyril Ramaphosa has called on the private sector to invest in the youth and offer them job opportunities.

Ramaphosa addressed asset managers in Johannesburg on Wednesday.

The president said he’ll pick ministers who will help grow the economy.

His administration is under pressure, with more than six million people unemployed.

The requirement of experience for job applicants is a major contributor to rising unemployment figures, according to the National Youth Development Agency.

South Africa’s unemployment rate increased to 27,6 percent during the first quarter of 2019.

Ramaphosa said the unemployment rate “keeps me awake at night,” adding: “The key mandate I have as president is to make sure that our focus is on jobs.”

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Source: eNCA