JOHANNESBURG – The latest IMD World Competitiveness Rankings paint a grim picture of South Africa’s youth unemployment, with the country ranked No 62 out of the 63 countries surveyed.
The country fares even worse when it comes to total unemployment and is ranked bottom on the list.
The IMD said unemployment and youth unemployment presented a weakness for South Africa’s global competitiveness ranking. The country was ranked No 53 in the global competitiveness rankings.
Mark Orpen, the executive chairperson at the Institute of People Development, said South Africa’s young people were much more likely to have passed through the continent’s formal education systems than their predecessors.
“With that comes a challenge for leaders of business and the government to provide them with the opportunities to apply their skills – and to ensure that their skills can help them thrive in the changing world of work,” said Orpen.
Read more here in Business Report