Cape town: Finance Minister Enoch Godongwana has called for a data-driven, evidence-based approach to tackling South Africa's youth unemployment challenge. The Minister delivered remarks at the Government Technical Advisory Centre Public Economics Conference held under the theme: 'Counting the Crisis: Data, Evidence and Solutions for Youth Unemployment in South Africa'.
According to South African Government News Agency, Statistics South Africa's Quarterly Labour Force Survey released in May reveals youth unemployment stands at 60.9% for those aged 15-24, with an unemployment rate of 40.6% for those aged 25-34. Minister Godongwana characterized these figures as 'stark,' emphasizing a need for actionable solutions rather than just acknowledging the severity of the problem.
Minister Godongwana stressed the importance of using data to drive decision-making. 'We must count what works, what does not work, who is being reached, who is being missed, what the fiscal cost is, what can be scaled, and what should be redesigned,' he stated. He further highlighted the necessity of a faster-growing inclusive economy, which requires reforms, implementation, and capable institutions supported by credible public finances and accountability.
Addressing the youth participants, the Minister urged them to employ critical thinking and challenge simplistic solutions or slogans. 'We need young economists, data scientists, public managers, social scientists, engineers, researchers, and practitioners who can combine empathy with evidence,' he said, encouraging the youth to ask hard questions and offer solutions to the challenges they face.
Godongwana concluded by calling on all conference participants, including public servants, business leaders, and civil society partners, to use the platform to create a genuine way forward for addressing youth unemployment in South Africa.