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Engineering News reports that private sector-funded nonprofit the Youth Employment Service (YES) has deployed 100,000 young South Africans into the private sector within just four years.
With most of these youths coming from disadvantaged backgrounds, they have the chance to not just change the course of their lives, but also that of the country, said YES CEO Ravi Naidoo. YES works with businesses to place or sponsor unemployed youth in 12-month quality work experiences that are fully funded by the private sector, giving them the critical experience and skills they need to secure future employment. In the process, these work experiences have seen R6-billion in salaries injected into local economies across SA, the nonprofit pointed out. “We haven’t just created 100,000 jobs. We’ve given young people the skills, work experience and social networks they need to contribute to the economy for the next 40 years and beyond. It is these future professionals, entrepreneurs and change-makers who will drive our economic prosperity in the years to come,” Naidoo highlighted. With 61% of YES youth coming from social grant-recipient households and 77% having dependants, their incomes benefit entire families and even communities. Research shows that 40% of YES alumni are currently employed, and 15% are involved in entrepreneurial activity. This is much higher than the national average.
- Read the full original of the report in the above regard at Engineering News
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