China News Service, Johannesburg, February 25 (Reporter Wang Xi) As one of South Africa's most influential institutions of higher learning, the University of Cape Town released a research report on the evening of February 24, local time, saying: The country's "Presidential Employment Stimulus Plan" “It has had a significant impact on reducing South Africa’s unemployment rate.
According to the report, the study was commissioned by South African President Cyril Ramaphosa to investigate the impact of the "President's Employment Stimulus Plan" on the employment and income of South Africans. In particular, the plan also targets young people in the public sector. A more detailed survey was conducted on the actual situation of employment opportunities provided by the group.
The report pointed out that the "President's Employment Stimulus Plan" did have a significant impact on reducing South Africa's unemployment rate.
As the highlight of this plan, the South African government has made a commitment to help the unemployed young people tide over the difficulties by providing necessary social subsidies and other means, even though the number of unemployed youth has exceeded 4 million. The unemployment rate in the country is extremely necessary.
The report particularly emphasizes that research shows that the lack of employment opportunities for South Africa’s youth will lead to a continued rise in the country’s already high unemployment rate and directly lead to an increase in poverty for some people.
Previously, affected by multiple factors such as the epidemic, South Africa's unemployment rate has reached record highs in recent years, which has triggered a series of social problems.
In order to accelerate South Africa's economic recovery, South African President Ramaphosa announced the "President's Employment Stimulus Plan" in October 2020, which aims to create more jobs in South Africa and reduce the unemployment rate of the people.
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