By Mzukona Mantshontsho
We live in a country where the latest unemployment statistics from Statistics South Africa suggested that the unemployment rate 32,9% South Africans. This figure was reduced by the increase in informal businesses in our communities. With two thirds of the population in South Africa being the youth, the youth is mostly affected by unemployment.
Youth unemployment has been high for many years in South Africa and is one of the country’s major socio-economic challenges. Cross-country comparisons regularly affirm that South Africa’s unemployment rates are among the highest in the world.
Unemployed youth are characterised by their lack of employability resulting from a range of socio-economic factors. They often have low levels of education, have dropped out of school and invariably do not have the literacy, numeracy and communication skills needed in the labour market. They also have little work experience, which is a particularly undesirable characteristic for employers.
Why support small businesses?
It’s convenient as they’re in your local community,
They offer that personal touch,
They often offer unique products or services,
You’ll be making a positive impact on the economy,
Your purchase has a positive impact on the business-owner, the employees, their families and the community,
You can help small businesses grow, employ more, reduce unemployment and nurture the country’s entrepreneurial spirit by spreading the word about #SmallBizFriday
