Press Statement

PRESS STATEMENT                                             

TO: All members of the media


The country’s top CEOs will be meeting to address possible job creation for young people. Right now, another 700 000 matriculates will graduate, and more than half of them will be unemployed. The situation is reaching crisis proportion. In 2017 alone, another million youth have become unemployed, and more than 50% of them are without work.

The Jobs Summit, a gathering of CEOs from across different sectors will be launched at Sandton’s Maslow Hotel. The gathering is expected to confront the country’s challenges head-on. Throughout last year, 200 companies have quietly, away from the public spot light, come together to find solutions. The launch will showcase their work, discuss the way forward and ask everyone to get involved.

The Jobs Summit is there to rally every company to get involved. Bonang Mohale from Business Leadership South Africa will explain why that is important. Sunil Geness, from the Information Technology Association & SAP will show how industries can organise themselves to have impact, whilst Dennis George from FEDUSA will present labour’s perspective.

The Jobs Summit is neither about politics nor policy, but actual results. Over the last 12 months, companies from twenty industries met under the auspices of the Ubuntu Initiative to identify the opportunities and challenges that sectors face in terms of employment. Instead of competing, they opened up to each other, shared best practises and jointly came up with new approaches to create 100 000 jobs in 2018.

“This is just the beginning. Each industry has defined their own initiatives. It is ironic that there are plenty of jobs. Even though we have millions of unemployed youth, companies struggle to find the right people”, says Stefan Lauber, Executive Director of the Ubuntu Initiative.

One of the reasons for the mismatch is that companies do not have time to train people. They are looking for readymade candidates when they hire. Since the education system is not producing the right calibre of people, there is a shortage of skilled people. Companies therefore typically poach experienced staff from their competitors.

Giving young people their first work experience and the necessary training has been agreed to be a key priority. Several industries therefore agreed to set up talent incubator to prepare young people so that they are ready when there are job opening.


Details of the event:

Venue: The Maslow Hotel, Sandton

Time: 07:00 – 09:00

Date: 27 November 2017


Media Enquiries: 

Akashni Rohit


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