Categories

Say YES to a future that works

07 May 2018

Youth Employment Service (YES) is one of the first social compacts between government, business and labour created to give one million youth one million opportunities to succeed while securing South Africa’s economic prosperity.

Join the movement, #LetsCreateJobs for youth

 

"We are looking at way beyond a million [jobs] because this is a movement – we’ve started a movement today." – President Cyril Ramaphosa

"We are looking at way beyond a million [jobs] because this is a movement – we’ve started a movement today." – President Cyril Ramaphosa

 

It's only the beginning

Twenty-six-year-old Akani struggled to secure employment – he was always turned away with the response that he needed experience first.
 
Through the Youth Employment Service initiative, he’s now started work as an intern at a logistics company in Mpumalanga.
 
He's one of the first 100 YES beneficiaries selected for a chance at quality work experience.
 

"Now I will have the experience. I want to make sure I grab this opportunity with both hands."

– Akani Mbondzisa

 
Electrical engineering graduate, Rhandzu has been unemployed since 2012. She too has now secured an internship via the Youth Employment Service collaboration.
 

"I believe the struggle is over now. What they should expect from me is hard work and nothing else."

– Rhandzu Nyathi

"I believe the struggle is over now. What they should expect from me is hard work and nothing else."

– Rhandzu Nyathi

 

How companies can get involved

There are six ways that companies can support YES.

Learn more about YES

Watch videos, get valuable work readiness advice and learn more about YES.

How youth can sign up

Apply as a YES youth candidate online and access work readiness resources.

Give one million youth one million opportunities to succeed

 

All it takes is one chance to build a better future

All it takes is one chance to build a better future

 
Over the next three years, the Youth Employment Service (YES) – led and supported by the private sector - will incentivise businesses to employ young people, giving them a chance at a life-changing first work experience.

Investec CEO Stephen Koseff together with Colin Coleman, Managing Director, Goldman Sachs, are leading the YES Programme as part of the CEO Initiative.
 
With a unique collaboration between government, labour, civil society and the youth, this represents a benchmark in fresh, bold responses to our country’s unemployment crisis.
6 million
Unemployed youth
56%
Job seekers without matric
 

"If you give a person a chance at a year-long opportunity and they come out of that with a CV and some kind of reference letter, you improve their chances threefold of being called back for another interview."

– Tashmia Ismail-Saville, CEO of YES

 
Six million young people out of work is a crisis for South Africa; our future workforce is not being educated, trained or employed. Compounding this, the longer people are out of work, the harder it is for them to re-enter the workforce.
 
Worse still, 56% of the million young people entering the job market each year don’t have a matric, giving them little hope of employment and leaving them vulnerable to a loss of dignity and succumbing to social ills.
 

Youth Employment B-BBEE recognition

Government have introduced a new Youth Employment B-BBEE recognition, allowing a business that meets YES targets and complies with registration criteria to move up a level on their current B-BBEE scorecard.
 
In addition, to encourage demand-side job creation, companies employing black youth between 18 and 29 years old will qualify for the Employment Tax Incentive.
 
YES is applying fresh thinking to create new work opportunities; giving youth a chance to establish a future, becoming self-directed and restoring their dignity.
President Cyril Ramaphosa
"Our most grave and most pressing challenge is youth unemployment. It is, therefore, a matter of great urgency that we draw young people in far greater numbers into productive economic activity."

President Cyril Ramaphosa

Six ways companies can get involved

 

As a company, you can sign up to:
 
  1. Place youth inside your company on your payroll
  2. Place youth in black-owned SMME’s close to where the youth live
  3. Develop youth-owned micro-enterprises that feed into your supply chain
  4. Place youth into an external service provider for training and work experience
  5. Provide youth with skills development and training programmes
  6. Support the establishment of YES Hubs in critical areas
 

"We need everyone to play a role here in helping youth get employed including small and medium-sized business and large corporates."

– Stephen Koseff, Investec CEO

"We need everyone to play a role here in helping youth get employed including small and medium-sized business and large corporates."

– Stephen Koseff, Investec CEO

 
 

Investec Private Bank held an In Conversation event in October 2017 with Pravin Gordhan, Tashmia Ismail-Saville, Stephen Koseff and Redi Tlhabi on "unlocking growth in the township economy".

Investec Private Bank held an In Conversation event in October 2017 with Pravin Gordhan, Tashmia Ismail-Saville, Stephen Koseff and Redi Tlhabi on "unlocking growth in the township economy".

 

Find out more about YES