(Bloomberg) -- South Africa's government, businesses and labor unions plan to create at least 330,000 jobs for youth over the next year, addressing one of the country's biggest economic challenges, President Cyril Ramaphosa said.
“The depth and extent of youth unemployment is huge in our country and we therefore have to respond,” Ramaphosa said at an event marking the launch of the program in Johannesburg on Tuesday.
South Africa's unemployment rate stands at 26.7 percent.
To contact the reporter on this story: Amogelang Mbatha in Johannesburg at ambatha@bloomberg.net.
To contact the editors responsible for this story: Karl Maier at kmaier2@bloomberg.net, Paul Richardson
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