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27 July 2020
World Youth Skills Day took place on 15 July 2020 under unique and challenging circumstances for many young people. The Covid-19 pandemic and the resulting lockdown measures have led to the closures of many technical and vocational education and training institutions. This threatens the continuity of skills development, especially among the youth. These skills are integral to their success in the future.
A skilled workforce is as important to South Africa’s economic success. As older people are more at risk for diseases, now, more than ever, skilled youth are needed. Before the Covid-19 crisis, young people between the ages of 15 and 24 were three times more likely than adults to be unemployed and often faced a prolonged school-to-work transition period. In a post-Covid-19 society, as young people are called on to contribute to the recovery effort, they will need to be equipped with the skills to manage evolving challenges successfully and the resilience to adapt to future disruptions.
What is World Youth Skills Day?
World Youth Skills Day aims to recognise the importance of equipping young people with skills for employment and entrepreneurship. It also serves to highlight the crucial role of skilled youth in addressing current and future global challenges.
What is Nedbank doing to help?
Nedbank supports the need to educate and set young people up for success by engaging in the Youth Employment Services (YES) programme. This programme aims to create one million employment opportunities for unemployed black youth, and to transform the lives of these young people while helping to grow the businesses in which they are placed.
In May 2019 Nedbank took on previously unemployed young people who began their 12-month YES journey with Nedbank and its sponsored implementation partners.
We successfully implemented YES 2019 and onboarded our first group of candidates. Nedbank is still fully invested in our YES youth, as they have made a significant impact in the roles they fulfilled.
This information is intended for general information purposes only and does not constitute legal advice.
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