Employability initiativefor PMB students

2017-03-01 06:00

AFRICA has the youngest population in the world with an estimated 50% of its population aged between 15 and 24.

But nearly half of all youth on the continent are not in education, employment or training, highlighting how critical it is to provide them with the practical skills needed to successfully make the transition from education to the world of work.

In an effort to address this ongoing skills development gap, Absa bank launched ReadytoWork, a free employability initiative that helps train and equip young people for the workplace through online curriculums and face-to-face training on essential work skills, people skills, money skills and entrepreneurial skills.

In order to raise awareness within communities, Absa is bringing to the youth activations that are being held at various educational institutions across South Africa.

This month’s KwaZulu-Natal activation took place at Umgungundlovu TVET College and resulted in 210 students signing up. In addition, 405 students participated in the Absa Premiership photo mechanic, where they took pictures with former Jimmy Tau and Sibusiso Ngwenya, the ReadytoWork ambassadors.

According to recent results, which were released by Statistics South Africa, youth aged between 15 and 34 remain vulnerable in the labour market with an unemployment rate of 38,2%.

The results also indicates that education plays an important role in labour market outcomes; those with education levels below matric account for 60% of the unemployed population, and carry an unemployment rate of 31,6%. On the other hand, the unemployment rate among those with tertiary education was significantly lower at 13,2% in the thrid quarter of 2016.

ReadytoWork is one of the initiatives that forms part of Barclays Africa’s commitment to support education and skills development, targeting youth in the 10 countries where they operate.

Shalene Sogoni, KZN regional head of Citizenship, said the key priority of the Citizenship strategy is to help young people gain access to the skills and opportunities they need to unlock their potential.

“We have identified education and skills development as a space in which it can make a sustainable contribution through initiatives such as ReadytoWork, which aims to support jobseekers and entrepreneurs who have the aptitude, attitude, and ambition to achieve beyond the opportunities that have been given to them.

“The ultimate goal is to give young people a choice to either better develop their employability prospects or to become self-employed through starting their own businesses.”

— Supplied.

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