62% of graduates are unemployed in SA

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THANDI XABA

Youth in the black and coloured groups of the country have the highest rates of unemployment in the country.

According to a Stats SA report, titled Employment, unemployment, skills and economic growth released last year in September the unemployment rate for those with tertiary qualifications increased from 6% in 1994 to 14% in 2014.

IIE Rosebank College National Graduate Development Manager Lillian Bususu says graduate unemployment is a huge concern and ways to curb high unemployment would be to employ younger people who can fresh new ideas to the work-place.

"It’s very important that the country looks at graduate as a call for concern, because these are our future leaders and with the older people leaving jobs, we need new people with new blood, thinking and ideas. To be able to take over, 62% of young people who are not employed," she says.

According to the World Economic Forum (WEF) Global Risk 2014 report, South Africa has the third-highest unemployment rate in the world for people between the ages of 15 and 24.