Tomorrow is Youth Day. It will be the 45th year that we remember the hundreds of young students lives lost in clashes with apartheid police during the Soweto uprising on June 16. With youth unemployment at a shockingly high 63.3% for 15 to 24-year-olds and 41.3% for 25 to 34-year-olds, it is time to turn remembrance into action to help create a better life for today’s youth.
President Cyril Ramaphosa wrote in his weekly newsletter this week that youth unemployment is the government’s biggest concern and creating more opportunities for and supporting young people to access these opportunities is government’s foremost priority.
So what measures are government planning to make this priority a reality? One is the official launch of SAYouth.mobi, the National Pathway Management Network, to expand opportunities and support available to young people, Ramaphosa wrote.
How it’s going to work remains to be seen, but one thing is sure, as a collective we are indebted to our youth for the start they made for us to live free.
Here’s a roundup of the world’s top and most interesting news headlines.
SA Business
Death threats against Eskom CEO Andre de Ruyter – MyBroadband
SA’s first woman-owned bank off a rocky start as public briefing descends to chaos – Fin24
Here’s what young jobless South Africans are really up to – The Conversation
Africa Business
Cratering Economy May Become Africa’s Biggest Threat – Bloomberg
Top G7 development banks pledge $80 billion for African firms – Reuters
Covid-19 has worsened SA’s system of developing the skills of young people – The Conversation
US Business
What investors are watching from the Fed: taper talk and inflation – Reuters
Russia-US talks: Putin’s interventions won him a seat at Biden’s table – Bloomberg
Common for poor citizen to make new country richer – Forbes
Youth Day roundup on Daily Maverick
June 16: Looking back in anger — but for SA’s youth, the present and future also hold little cause for celebration – Daily Maverick
Mitchelle Mhaka: Arming the youth with knowledge is critical in fostering a good climate for change – Daily Maverick
Confessions of a white South African on Youth Day in 2021 – Daily Maverick
*Download the news aggregator app SAccess, available on Google Play and the App Store, to stay on top of financial and markets news from around the world.
