Unemployed youth an untapped resource: Kganyago
The South African Reserve Bank Governor, Lesetja Kganyago, says unemployed youth are an untapped resource.
Kganyago addressed the 29th Annual Labour Law Conference in Kempton Park, West of Johannesburg on Wednesday.
In his address, Kganyago stated everyone from the state to the private sector has a collective responsibility to create employment.
Kganyago highlighted how investment and increasing labour absorption could boost growth and limit inflation.
He feels the South African labour market is not seeing the potential young people have to strengthen the economy.
"Young unemployed people are not a problem. Young unemployed people are a resource. They are a resource the country needs to tap into. The world over, many countries are complaining that they've got too few young people, so South Africa should tap into the resource it has and utilise and enhance the creativity of young people and absorb them into the labour market," Kganyago said.