![]() In comparison, the national rate stands at 34.5%. It stood at 42.1% for those aged 25 between 34. The latest Quarterly Labour Force Survey released by Statistics South African showed that the unemployment rate was 64% for those aged 15 and 24. South African youth are the most disadvantaged in the labour market. Here are five reasons why South Africa needs more youth entrepreneurs: More than half of all South African entrepreneurs are youth and encouraging more young people to start business interests could be the key to unlocking South Africa’s economic potential. However, South Africa’s youth also show a high propensity for entrepreneurship. But in South Africa, this growing population of youth face one of the highest unemployment rates in the world. Africa’s population is growing, and in the next three decades, 60% of the continent’s population will be under the age of 25.
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