AUTHOR: Unspecified
PUBLICATION: Sowetan KwaZulu Natal Second Edition
South Africa is grappling with a significant challenge-youth unemployment. This critical issue has far-reaching consequences, including hindered economic growth, increased poverty and inequality, social instability, and a persistent education and skills gap.
MultiChoice, Africa's leading entertainment and services platform, has recognised the gravity of this issue and taken proactive measures to combat it.
The economic impact and social consequences of high youth unemployment rates are substantial. The lack of skills and experience among unemployed youth hampers productivity and competitiveness, hindering overall economic performance.
Additionally, unemployment perpetuates a cycle of poverty, contributing to social disparities and potentially leading to social unrest and crime. To tackle these challenges, MultiChoice has partnered with The Youth Employment Service (YES) programme, collaborative initiative between the government, private sector companies, and civil society organisations. The YES programme aims to provide one-year work experiences, skills development, and job placements for unemployed young people aged 18 to 35.
One significant factor exacerbating youth unemployment is the mismatch between the skills possessed by young individuals and the demands of the job market.
Insufficient access to quality education and training further widens this gap, while the emigration of highly skilled individuals creates a brain drain that hinders long-term economic and social development.
Recognising the urgency of addressing this skills gap, MultiChoice has made a steadfast commitment to the YES programme.
Through this partnership, the company aims to create employment opportunities and empower South Africa's youth by providing them with meaningful work experiences and essential training.
MultiChoice has implemented a comprehensive approach to skills development in conjunction with the YES programme. This includes training in areas such as financial literacy, entrepreneurship and other relevant skills. By equipping young individuals with a diverse skill set, MultiChoice aims to bridge the gap between their existing capabilities and the evolving needs of the job market.
The dedication of MultiChoice to the YES programme has yielded exceptional results, with a placement rate of 78% making the company a leader among participating companies. This achievement demonstrates their commitment to providing tangible employment opportunities and assisting youth in securing full-time jobs. Furthermore, the YES programme recently celebrated the creation of 100,000 jobs, with MultiChoice making a substantial contribution.
Through their involvement, MultiChoice has witnessed the transformative power of offering young individuals the chance to gain practical work experience and develop essential skills.
MultiChoice acknowledges the long-term consequences of youth unemployment, such as skills depreciation, reduced employability, and a loss of motivation and confidence among young people. To address these challenges, MultiChoice remains committed to ongoing support and mentorship for the youth who have participated in the YES programme, recognising the importance of continuous learning and development for sustained career growth and success.
Creating sustainable solutions to youth unemployment requires collaboration between the government, private sector, and civil society organisations. MultiChoice actively participates in initiatives that promote education and skills development, foster entrepreneurship, and create job opportunities, understanding the importance of a holistic approach.
MultiChoice firmly believes that investing in the potential of South Africa's youth is an investment in the future of the nation.
Through their collaboration with the YES programme, they are proud to provide not only jobs but also hope and opportunities for young individuals to build successful and fulfilling careers. MultiChoice calls for continued efforts towards a brighter and more inclusive future, where the youth can thrive, contribute meaningfully to society and the economy, and unlock their full potential.
By partnering with the YES programme, MultiChoice demonstrates its unwavering commitment to empowering South Africa's youth and addressing the pressing issue of youth unemployment. Through work experience, skills development, and job placements, they significantly contribute to reducing poverty, fostering economic growth, and promoting social cohesion.
Together with government and civil society stakeholders, MultiChoice is actively building a sustainable future for the youth.