South Africa’s deputy president, Cyril Ramaphosa, recently claimed that the country has one of the highest unemployment rates in the world and that young people make up the majority of the unemployed.
“Our unemployment rate is one of the highest in the world,” South Africa’s deputy president Cyril Ramaphosa reportedly told investors in Singapore last week.
“The key challenge here is that the majority of these people who are unemployed are young people.”
South Africa’s unemployment rate is certainly high under the leadership of Pres. Zuma.
The latest data from Statistics South Africa estimated that 26.6% of people in the labour force were unemployed in 2016. This refers to people who were unemployed and actively looking for work.
The broad unemployment rate – which refers to people who were jobless and who have given up looking for work – stood at 36.4%.
A total of 5,634,000 people were estimated to be unemployed between April and June 2016, according to the narrow definition. Of those, 3,636,000 were people aged between 15 and 34.
Based on these estimates, nearly two-thirds (65%) of unemployed people in South Africa are young people. The share stays the same for the broad definition of unemployment.