President Cyril Ramaphosa has launched a Youth Employment Service initiative which aims to create around one million job internships over three years.
The 'YES' initiative is targeting mainly black South Africans between the ages of 18 and 35.
The South African unemployment stood at 5.88 million in the final quarter of 2017.
Director at Goldman Sachs Sub Sahara, Colin Coleman says young people will get a chance to earn while gaining quality work experience and training which will help them enter the job market.
At the end they will get an accredited certificate that they have participated and by doing that,through this one year experience, they become much more employable in the job market.— Colin Coleman, Director at Goldman Sachs Sub Sahara
What we are trying to do is to put underutilised talents into organisations and they become much more productive.— Colin Coleman, Director at Goldman Sachs Sub Sahara
Coleman says there are going to be monitoring mechanisms put in place to ensure that young people receive quality experience.
I am quite confident that among the 5.9 million unemployed youth in South Africa there is raw talent that will rise to the surface, that businesses will go out and find.— Colin Coleman, Director at Goldman Sachs Sub Sahara
The national champions will go out there and recruit anything between 3 000 and 4 000 unemployed youths into their organisations which is a huge organisational effort.— Colin Coleman, Director at Goldman Sachs Sub Sahara
To hear more about the Youth Employment Service initiative with Colin Coleman, listen below:
This article first appeared on CapeTalk : Jobless youth to get work experience through 'YES' initiative