{"id":13876,"date":"2022-04-09T13:54:10","date_gmt":"2022-04-09T13:54:10","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth"},"modified":"2022-04-09T14:57:27","modified_gmt":"2022-04-09T14:57:27","slug":"sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth","title":{"rendered":"SA-China job fair promises thousands of jobs for unemployed youth"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Next week\u2019s South Africa-China Economy and Trade Association (SACETA) job fair plans to bring together one hundred enterprises, who hope to bring along 1 000 jobs to the country\u2019s jobless youth.<\/p>\n

According to Statistics South Africa, SA\u2019s unemployment rate climbed to 35.3% in the fourth quarter of 2021, up from 34.9% in the previous period \u2013 the highest jobless rate since comparable data began in 2008.<\/p>\n

According to the Quarterly Labour Force Survey of the first quarter of 2021, young people are still struggling in the South African labour market, with the official unemployment rate for last year standing at between 32.6% and 46.3% among those aged from 15 to 34 years.<\/p>\n

The SA-SACETA job fair taking place next Thursday at the Gallagher Conference Centre in Midrand \u2013 to be addressed by Department of International Relations and Cooperation Deputy Minister Alvin Botes, Employment and Labour Minister Thulas Nxesi, Chinese ambassador to South Africa Chen Xiaodong, SACETA vice-president Chen Longjian and Huawei South Africa CEO Fan Wen, CEO \u2013 has set a target of offering 1000 jobs to unemployed South Africans, largely the youth.<\/p>\n

This, as 100 blue chip Chinese companies based in South Africa have set a target of offering close to 20 000 jobs to locals in the next three years.Plethora of positive impacts<\/p>\n

Commenting on the SA-SACETA initiative, University of Johannesburg economics professor Peter Baur said: \u201cThese prospects are good and create all kinds of positive impacts \u2013 especially through the multiplier process.<\/p>\n

\u201cThis means that the income earned, will have a far larger impact on the economy. Income always translates into savings, which may become investment in the future. Such income and spending relationship, will positively stimulate business in other sectors.<\/p>\n

\u201cThe challenge is to have an efficient transmission mechanism that allows investment to translate into jobs, which translates into growth.\u201d<\/p>\n

Baur said labour market regulation, coupled with surging costs of energy and food, plus low economic growth levels, present further challenges for investors, which in turn impacts youth unemployment.<\/p>\n

Quoting trading economics figures, Baur added: \u201cDue to the relatively low economic growth rates \u2013 approximately 1.2% from December 2021 \u2013 there is little chance that many young people leaving school, finding jobs in the near future.<\/p>\n

\u201cConsumer confidence is already under pressure. By coupling this with the increasing energy costs and a food price inflation of 6.4%, many of these young people are going through both an emotional pressure \u2013 feel that they are not good enough \u2013 and a social stigmatism o not been able to contribute towards the household income.\u201d<\/p>\n

There is also a problem within youth unemployment of not finding work to meet skills levels.<\/p>\n

\u201cWhile having a tertiary qualification may help to find a job \u2013 considering household poverty and growing income inequality \u2013 the option of completing a tertiary education is even further out of reach for many.<\/p>\n

\u201cMy concern is that the youth who struggle to enter the labour market and are subsequently forced into poverty, may also impact households through the growing dependency burden.<\/p>\n

\u201cThe dependency burden, impacts the economy in several ways, the most important being the loss on household savings \u2013 impacting household\u2019s years down the line as the current labour force is retired, without much savings to support old age.\u201d<\/p>\n

This lack of savings translates to a lack of meaningful contributions to the economy, as well as putting strain on those already in retirement.<\/p>\n

In addition, retirement prospects for the unemployed youth remains dire.<\/p>\n

\u201cThis adds to the political pressure too, as young people seek an acceptable explanation for their current situation.<\/p>\n

\u201cThe impact is long-term, especially as this loss of productivity, which translates into a loss of income, might never be consolidated in the future.\u201d<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Next week\u2019s South Africa-China Economy and Trade Association (SACETA) job fair plans to bring together one hundred enterprises, who hope to bring along 1 000 jobs to the country\u2019s jobless youth. According to Statistics South Africa, SA\u2019s unemployment rate climbed to 35.3% in the fourth quarter of 2021, up from 34.9% in […]<\/p>\n","protected":false},"author":84,"featured_media":13875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[2355,2361,260,5756,5755],"class_list":["post-13876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-gambia","tag-gambia","tag-sa-china","tag-unemployed-youth"],"yoast_head":"\nSA-China job fair promises thousands of jobs for unemployed youth - Gambia<\/title>\n<meta name=\"description\" content=\"Next week\u2019s South Africa-China Economy and Trade Association (SACETA) job fair plans to bring together one hundred enter ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA-China job fair promises thousands of jobs for unemployed youth\" \/>\n<meta property=\"og:description\" content=\"Next week\u2019s South Africa-China Economy and Trade Association (SACETA) job fair plans to bring together one hundred enter ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-09T13:54:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-09T14:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-62519eb899d1a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"656\" \/>\n\t<meta property=\"og:image:height\" content=\"436\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA-China job fair promises thousands of jobs for unemployed youth\",\"datePublished\":\"2022-04-09T13:54:10+00:00\",\"dateModified\":\"2022-04-09T14:57:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\"},\"wordCount\":618,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/04\/img-62519eb899d1a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\",\"SA-China\",\"unemployed youth\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/sa-china-job-fair-promises-thousands-of-jobs-for-unemployed-youth\",\"name\":\"SA-China job fair promises thousands of jobs for unemployed youth - 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