Naledi Ramontja | 4 February 2025 The mental health struggles of South Africa’s youth extend far beyond matric results. They encompass unemployed graduates, rural youths and young people in townships who face relentless hardship, leaving little room for optimism. (AFP) A few weeks ago, the 2024 matric results were released, a pivotal moment for thousands of learners across the country.  For some, it is a time of celebration, the culmination of years of dedication, and the gateway to future opportunities. Yet, for others, particularly those whose results fell short of expectations, it is a time of despair, a harsh reality amplified by the country’s deep socio-economic inequalities.  However, the mental health struggles of South Africa’s youth extend far beyond matric results. They encompass unemployed graduates, rural youths and young people in townships who face relentless hardship, leaving little room for optimism. For many matriculants, receiving their results is the beginning of an uphill battle. Those who did not achieve the marks they had hoped for often spiral into shame, anxiety and uncertainty about their future. Without adequate support systems in schools and communities, these students are left to navigate feelings of failure alone, a struggle that is even more acute in under-resourced rural settings and township communities where opportunities are scarce. University graduates fare no better. Armed with qualifications and the ambition to change their lives, many find themselves sitting at home, unemployed in an oversaturated labour market that is unable to absorb them.  This stagnation exacts a psychological toll, particularly for those burdened with student loans. The inability to make payments while jobless, exacerbated by rising interest rates, deepens their sense of despair.  Even more disheartening, some graduates have their qualifications withheld by universities due to unpaid fees. Without their certificates, they are locked out of job opportunities that could allow them to settle their debts. It’s a cruel paradox — needing a job to pay off fees but being unable to secure one without proof of qualifications. This leaves many young people feeling trapped, hopeless and powerless. The issue extends even to highly qualified professionals. We’ve seen in recent news protests by doctors and pharmacists — careers typically associated with job security — who remain unemployed. Over 2 000 qualified pharmacists are reportedly sitting at home while South Africa’s healthcare system struggles with shortages.  For young people pursuing these degrees, the realisation that even the most qualified professionals face unemployment raises serious concerns about their future. It sends a discouraging message that the sacrifices of time, effort and financial investment in higher education may not pay off. The challenges are even more pronounced in townships and rural areas, where youth face additional hurdles. The lack of access to mental health resources, coupled with high levels of unemployment, poverty and crime, creates a toxic environment of despair.  Young people in these communities often live in survival mode, with little time or space to process their emotions or plan for the future. Rural youths, in particular, are isolated from resources available in urban centres. Poor infrastructure, unreliable internet and limited guidance exclude them, further marginalising them and exacerbating the mental health toll. These compounded struggles have led to an alarming rise in suicide rates among South Africa’s youth. The pressures of unemployment, financial hardships and the stigma surrounding mental health often leave young people feeling like there is no way out.  Reports of young graduates and matriculants taking their own lives are heartbreaking, highlighting the urgent need for comprehensive mental health interventions. Suicide is not just an individual tragedy but a societal failure, underscoring the need for accessible mental health resources, destigmatisation campaigns and support systems tailored to young people’s needs. The solutions to these crises require collective and targeted efforts. Schools must prioritise mental health support by providing counselling services and safe spaces where students can process their emotions without fear of judgment.  Universities must reconsider punitive measures, like withholding qualifications, as these perpetuate inequality and despair. Additionally, the government must invest in job creation programmes, skills training and internships to provide meaningful opportunities for unemployed youth. Mental health services must also be made accessible, affordable and destigmatised, especially in townships and rural areas, where they are most urgently needed.  Addressing these challenges is not just about preventing despair but about unlocking the potential of South Africa’s youth to build a brighter, more equitable future. The country’s young people are not just the leaders of tomorrow; they are the heartbeat of today. Ignoring their struggles is both a moral failure and a missed opportunity to harness their potential. It is time to listen to their voices, acknowledge their pain and ensure no young person feels left behind. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://mg.co.za/thought-leader/opinion/2025-02-04-stuck-in-limbo-mental-health-and-unemployment-among-south-africas-educated-youth/

Letlhokwa George Mpedi and Tshilidzi Marwala | 3 February 2025 A rtificial intelligence (AI) is automating tasks that were once exclusive to humans. Without access to quality education, individuals risk being left behind, excluded from economic opportunities and trapped in cycles of inequality. When we think of fundamental human rights, we often consider freedoms such as the right to life, housing, and social security. However, the right to education is just as essential, serving as both a fundamental right and a critical enabler of development. As former United Nations Secretary-General Kofi Annan once said, “Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.” Recognising this, Article 26 of the Universal Declaration of Human Rights enshrines education as a fundamental right, and many national constitutions and regional human rights instruments reaffirm this commitment. Furthermore, the United Nations designated 24 January as the International Day of Education, celebrating its role in fostering peace and development. As a 1999 report for the US Department of Education put it: “Without education, the aims of the universal declaration simply cannot be achieved.” The right to education is especially critical in today’s rapidly evolving digital economy. Technological advancements, specifically the rise of artificial intelligence (AI), are reshaping industries and redefining the future of work . Excluded from economic opportunities AI is automating tasks that were once exclusive to human workers, increasing efficiency but also raising concerns about job displacement. Without access to quality education, individuals risk being left behind, excluded from economic opportunities, and trapped in cycles of inequality. To remain competitive in this shifting landscape, workers must continuously acquire relevant knowledge and skills. As traditional jobs evolve and new roles emerge, education must adapt to equip individuals with essential digital skills. Coding, data analysis, and AI literacy are increasingly foundational across various careers. The rise of AI has also made it essential for workers to understand how to collaborate with intelligent systems, leveraging automation while focusing on human skills such as creativity, empathy, problem solving and critical thinking. Beyond technical proficiency, digital transformation demands adaptability and a blend of hard and soft skills — challenging traditional education models to evolve accordingly. Despite concerns about job dislocation due to automation and AI, education can serve as a bridge to opportunities in emerging fields such as robotics, blockchain, and 3D printing . AI-powered education platforms are also enhancing access to personalised learning, helping students and workers acquire skills at their own pace. Digital education further enhances access to remote work and the gig economy, creating employment opportunities for historically marginalised populations. Adequate societal protection However, policymakers must ensure that workers in these new employment structures receive adequate social protection and are not excluded from labour rights and security benefits. In response to the growing digital divide and the evolving global digital economy, international frameworks such as the Global Digital Compact and the African Digital Compact have emerged to guide digital transformation in an inclusive and equitable manner. The Global Digital Compact , proposed as part of the United Nations’ broader efforts to shape digital governance, aims to ensure universal connectivity, promote digital public goods, and foster a safe, secure, and inclusive digital environment. It emphasises the need for global cooperation to bridge digital inequalities, enhance digital skills, and safeguard human rights in the digital space. Education plays a crucial role in realising these objectives by equipping individuals with the necessary digital competencies to thrive in the modern economy. Similarly, the African Digital Compact is the African Union initiative was designed to accelerate Africa’s digital transformation while addressing challenges such as limited internet access, inadequate digital infrastructure, and skills shortages. This compact prioritises investments in digital literacy, connectivity, and policy frameworks that enable sustainable and inclusive digital growth. Strengthening education systems to incorporate digital skills training is central to the success of this initiative, ensuring that African economies can fully participate in the global digital revolution. Both compacts highlight the importance of education as a cornerstone of digital inclusion and economic resilience. By aligning national education policies with these frameworks, governments can foster a workforce that is prepared for the digital age, while promoting economic opportunities for all. Transformative potential Recognising the transformative potential of emerging technologies, many governments have established specialised commissions to position countries positively in the Fourth Industrial Revolution (4IR). One such initiative is South Africa’s Presidential Commission on the 4IR , which played a pivotal role in shaping national strategies for digital transformation. By emphasising education as a key enabler of 4IR readiness, the commission seeks to build a workforce with the necessary skills to adapt to a rapidly evolving technological landscape. In addition to workforce development, the commission promotes digital infrastructure expansion, innovation hubs, and industry-academia collaboration to align educational curricula with the demands of emerging industries. By integrating 4IR principles into national education policies, governments can create a robust framework for lifelong learning, ensuring that individuals remain employable and competitive in the digital age. A strong example of the kind of digital education required in today’s world is the compulsory AI course for all students at the University of Johannesburg. This initiative ensures that students across disciplines develop foundational AI literacy, equipping them with skills necessary for the evolving job market. Such programmes demonstrate the importance of integrating digital skills into higher education curricula, helping to close the skills gap and prepare graduates for an AI-driven economy. To close the education-employment gap, targeted policy interventions are necessary. These include: Promoting lifelong learning: Workers must continuously update their skills to remain competitive. Governments and industries should invest in ongoing training programmes to support upskilling and reskilling. Ensuring equal access to digital learning: Reliable internet access and necessary digital devices should be made available to all, reducing barriers to education. Embedding digital literacy in curricula: Schools must integrate digital skills into their curricula from an early age, ensuring future generations are prepared for the workforce. Making online learning affordable: Digital education should be financially accessible to maximise participation. Strengthening industry-academia collaboration: Partnerships between businesses and educational institutions can ensure curricula remain aligned with workforce needs. Preparing for an AI-driven future: Education systems should incorporate AI literacy, ethical considerations, and human-AI collaboration skills to prepare workers for a rapidly changing job market. Education is not just a fundamental right — it is a key driver of employment and development in the digital era. As the UN’s Educational, Scientific and Cultural Organization aptly states: “Education is one of the most powerful tools in lifting excluded children and adults out of poverty and is a stepping stone to other fundamental human rights. It is the most sustainable investment.” By equipping individuals with digital skills and fostering lifelong learning, we can build a workforce capable of directing the complexities of the modern economy. Stakeholders — including governments, academic institutions, and businesses — must prioritise education as a pathway to decent work and social inclusion. As a 1999 US Department of Education report reminds us, “Education is not a luxury but a right, and thus should not constitute a privilege.” This truth is even more relevant in today’s AI-driven digital age. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.dailymaverick.co.za/opinionista/2025-02-03-bridging-the-digital-divide-with-education-as-a-catalyst-for-economic-inclusion-and-growth/

Johnathan Paoli | 3 February 2025 An agreement seeking to strengthen higher education institutions, address sectoral challenges and enhance university-industry engagement has been signed by Universities South Africa (USAf) and the Technological Higher Education Network South Africa (THENSA). The Memorandum of Understanding will explore universities’ engagement with industry beyond traditional bursary support, with USAf CEO Phethiwe Matutu highlighting the need for work-integrated learning as a potential foundation for bridging the gap between graduates and the job market. “Many school leavers know nothing about life post-school; many are clueless about the National Student Financial Aid Scheme and applying to universities or TVET colleges. “Similarly, at universities, some students struggle to see the link between acquiring qualifications and understanding where to apply their skills in industry, despite having careers offices at each university,” she said. The CEO advocated for a structured approach to equipping students with career-readiness skills through internships, mentorship programmes and hands-on learning opportunities in collaboration with industry leaders. THENSA CEO Henk de Jager echoed these sentiments, asserting that universities must actively ensure graduates were work-ready. De Jager reaffirmed the consortium’s commitment to engaging with industry stakeholders to enhance employability and skill development initiatives within the higher education sector. Another key focus of the MoU is the acute shortage of space for students at universities. Matutu stressed the necessity of collaborating with the Higher Education and Training Department to find innovative solutions to accommodate increasing student enrolments. “We, therefore, need to look into how we could enhance the capacity of universities to absorb more school leavers. What can the DHET do from their side to capacitate universities, and what can we, as universities, do on our end in preparation for 2026? We need to explore what is possible,” she said. Engagements with the department are expected to focus on infrastructure expansion, increased funding and alternative educational pathways to mitigate the growing demand for higher education. De Jager agreed that given limited resources, collaboration and strategic planning with the government and private sector partners was essential for sustainable expansion. Under the MoU, joint learning programmes will be implemented to foster entrepreneurial skills among university students. It calls for the pooling of resources to secure funding from both local and international partners. It stresses the need for strengthening regional global partnerships to enhance knowledge exchange, as well as facilitating initiatives to support innovation, incubation and commercialisation in higher education. The agreement further calls for developing models to assess the effectiveness of academic and industry partnerships as well as any additional projects that support the advancement of the country’s higher education sector. One of the key international programmes highlighted during the signing was the Erasmus Plus initiative of the European Union. This programme offers opportunities for student and faculty, youth exchanges and capacity-building projects. De Jager emphasised that participation in such initiatives would strengthen South African universities and enhance their global competitiveness. Additionally, THENSA has established collaborations with the United Kingdom, Finland, Germany, Ireland, Switzerland and the United States. These partnerships focus on entrepreneurship, climate change response and technology transfer, areas where the synergy between USAf and THENSA could yield significant benefits. USAf director of Entrepreneurship Development in Higher Education (EDHE), Edwell Gumbo, stressed the importance of integrating entrepreneurship into university curricula. Gumbo highlighted the reliance on departmental funding, which currently accounted for 80% of EDHE’s financial support, and emphasised the need to attract additional private sector investment. THENSA operations and partnership director Christelle Venter revealed that a US Fulbright scholar would be assisting universities in the ethical use of Artificial Intelligence in 2025, an initiative to be extended across all 26 public universities through USAf. Beyond the MoU, the two organisations discussed multiple avenues for further collaboration, including expanding engagement with universities in India to strengthen academic and research partnerships, as well as PhD training opportunities in Ireland through the Irish Consulate. Additionally, the UK-sponsored Research and Innovation Systems Africa programme was identified, which THENSA recommended expanding through USAf. The USAf-THENSA partnership marks a critical step in fostering innovation, expanding higher education access and ensuring graduates are well prepared for the evolving job market. The organisations have stressed that this collaboration promises to drive transformative change in the country’s higher education landscape, ultimately benefiting students, universities and industry stakeholders alike. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://insideeducation.co.za/landmark-deal-signed-to-beef-up-higher-education/

Riaan Visser | 02 February 2025 It appears that external pressure was exerted on the minister to enforce the sector codes. 31 January 2025 Solidarity has issued a warning to the Department of Trade, Industry and Competition, the Minister of Justice and Constitutional Development, and the Legal Practice Council (LPC) to point out that the implementation of strict racial directives for the legal profession is illegal, irrational and unconstitutional. These prescribed BEE codes for the legal sector, signed by Minister Parks Tau on 20 September 2024, are, according to Riaan Visser, head of Solidarity’s Law Network, in contradiction with, among others, the Constitution and the Employment Equity Act. Visser said the Solidarity Law Network specifically represents members working in the legal sector whose lives will be affected by these sector codes even more than the general public. “Solidarity is committed to the law and makes every effort to ensure that the procedures followed to enforce such directives at least comply with legislation. In this case, it appears that some external pressure was exerted on the minister to enforce the sector codes,” said Visser. If the minister does not heed our letter of demand, Solidarity will have no choice but to take legal action by the request. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.politicsweb.co.za/politics/letter-of-demand-sent-about-rigid-bee-directives-t

Janice Johnston | 2 February 2025 In South Africa, small and medium enterprises (SMEs) comprise 91% of formalised businesses, provide approximately 60% of employment and contribute as much as 34% to the GDP. Their success is critical to the nation's economic growth, particularly regarding job creation and reduced inequality. As we enter 2025, several critical trends are expected to influence the trajectory of South African SMEs, which are positioned to play an increasingly pivotal role in driving economic growth and development in the years ahead. These trends are influenced by global shifts, technological advancements, and local socio-economic conditions. For SMEs to thrive in this rapidly evolving landscape, they must adapt to challenges and importantly, essential stakeholders must commit to providing them with an enabling environment. Digital Transformation and E-commerce Expansion One significant trend expected in 2025 is the continued shift towards digital transformation. The COVID-19 pandemic accelerated the adoption of digital tools and e-commerce platforms, and this trend is anticipated to deepen. SMEs will increasingly rely on technology to streamline operations, enhance customer engagement, and expand their market reach, supported by the decreasing cost of such technology. Digital marketing strategies, including social media advertising and influencer marketing, will be essential for building brand awareness and engaging customers in a competitive market. Increased Use of Artificial Intelligence (AI) and Automation AI offers powerful tools and capabilities for small and medium businesses. In 2025, South African SMEs will need to adopt AI-driven tools to optimise operations, reduce costs, and make more data-driven decisions. Automating repetitive tasks can save time and improve productivity, allowing SMEs to focus on strategic activities. AI tools can also help SMEs understand customer behaviour for more personalised marketing. As the cost of AI and automation technologies decreases, these tools will become more accessible to smaller businesses, providing a competitive edge in the marketplace. Sustainability and Green Business Practices Adopting sustainable practices not only benefits the environment but also enhances business performance, builds reputation, and drives long-term growth. This year, South African SMEs will need to align their operations with sustainable practices to reduce their environmental impact. More businesses will focus on adopting green technologies, conserving resources, and reducing waste to remain relevant in an increasingly environmentally conscious market. Sustainable practices may include energy-efficient technologies, sustainable sourcing and packaging, as well as practices like precision farming and water conservation in agriculture. Green business practices can open up new opportunities for SMEs by attracting sustainability-conscious consumers and accessing financial incentives. Access to Funding through Alternative Financing Models Traditional financing channels have often been a significant barrier for SMEs in South Africa given the constraints of banks and traditional financial institutions to extend credit to small businesses due to perceived risks, lack of collateral, and limited financial history. In 2025, alternative financing models are expected to play an even more significant role in providing SMEs with fit-for-purpose capital. Blended finance arrangements, venture capital, growing seed and Enterprise and Supplier Development funds, as well as innovative alternative lending platforms, will continue to gain traction. Additionally, there is growing appetite from government and Development Finance Institutions (DFIs) to increase support for SMEs through targeted funding programmes. The rise of fintech companies in South Africa will also provide SMEs with access to digital financial products such as purchase order and invoice financing, merchant cash advances, and working capital loans. In 2025, South African SMEs will hopefully see increased collaboration between the private sector, government, and financial institutions to foster an ecosystem of funding and investment. Such collaborations will enable more businesses, especially in underserved sectors, such as the township economy and youth and black women-owned businesses, to access growth capital. Collaboration and Networking Opportunities This trend toward collaboration is well positioned to assist small businesses to increasingly partner with larger corporations, government agencies, and other SMEs to leverage resources, share knowledge, and enter new markets. Through strategic partnerships, SMEs can enhance their innovation capacity, gain credibility, and access new business opportunities. Business incubation and acceleration programmes, as well as networking initiatives, will become more important, providing SMEs with mentorship, business development support, and access to capital. These platforms provide the opportunity to facilitate collaboration, knowledge-sharing, and joint ventures, empowering SMEs to scale faster and more effectively. Notwithstanding the protracted challenging economic and social environment, South African SMEs are entering a potentially exciting and transformative phase as they adapt to new technological advancements, shifting consumer preferences, and evolving market dynamics. The trends for SMEs in 2025—digital transformation, AI adoption, sustainability, alternative financing, and collaboration— are tailwinds for growth, innovation, and impact. By embracing these trends, SMEs can build resilient, sustainable businesses that contribute significantly to South Africa’s economic prosperity. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.iol.co.za/business-report/entrepreneurs/unlocking-a-new-era-for-growth-and-innovation-e1dc1b66-e8d3-4e32-8784-4a5bb70f275a

Tshehla Cornelius Koteli | 30 January 2025 Between January and September 2024, the sector created over 14 000 new jobs, 12 564 of which were taken by the country's youth. South Africa’s Global Business Services sector is committed to fighting one of the most prevailing issues in the country, unemployment, by creating 500,000 jobs by 2030. Global Business Services refers to a business model where a company centralises and delivers shared services like finance, accounting, human resources, IT, customer service, and legal support to its various business units. The job targets are part of the GBS Sector Master Plan, an initiative spearheaded by the Department of Trade, Industry and Competition (the DTIC) with Business Process Enabling South Africa (BPESA) and Harambee Youth Employment Accelerator.  Zain Patel, BPESA chairperson, said that between January and September 2024, the sector created over 14 000 new jobs, 12 564 of which were taken by the country’s youth. The sector has also contributed almost R13,6 billion in export revenue during the same period. He believes this proves their plan to create 500 000 jobs by 2030 is on track. In addition, ten new international Business Process Outsourcing (BPO) operators had chosen to invest in South Africa. “This reaffirms South Africa’s position as the world’s third most attractive off-shoring destination for prominent international firms in the telco, retail, healthcare, technology and financial services sectors,” he said. Jobs to be created in the near future Reshni Singh, BPESA CEO, said that since the masterplan was launched in the first quarter of 2022, they have managed to attract 30 international investors to our shores, of whom 22 converted to invest in SA. They include 12 Business Process Outsourcing Operators and 10 end-user clients.  “We expect they will create between 13,000 and 17,000 new jobs in the next 18-24 months, which is a fantastic success story for the sector and the country.” Elevating global competitiveness Singh added that significant strides are being made towards advancing South Africa’s demand-side commitment goals under the GBS Sector Master Plan.  “South Africa’s efforts to strengthen its global competitiveness in the GBS sector have yielded positive shifts.  The DTIC has supported the industry to remain globally cost-competitive by undertaking a review of the national GBS Incentive Programme. “On average, South Africa is significantly more cost-effective than markets such as Poland and Malaysia. Initiatives such as the GBS Incentives and cost management strategies aimed at attracting and retaining international clients have also made the country comparable with locations such as Jamaica, Egypt and the Philippines, which are our main competitors.”   Advancements in infrastructure She said provincial and local governments are actively working to develop additional business locations outside the main urban centres (Tier 1 and Tier 2 locations), with the Eastern Cape and Gauteng. The Eastern Cape Development Corporation is piloting projects in Gqeberha and East London, while Gauteng has introduced its Township Economic Regeneration Plan. “Critical infrastructure developments are underway, including a plug-and-play BPO park in the COEGA Special Economic Zone and expanded broadband access to key locations. “By partnering with community facilities, South Africa is transitioning towards hybrid work models that inclusively accommodate work-from-home setups.” ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.citizen.co.za/business/global-business-services-sector-committed-to-creating-500-000-jobs-by-2030/

Stefan Kritzinger | 30 January 2025 A considerable 30% of SMME owners are 35 years or younger. While South Africa faces a youth unemployment rate of about 45%, data from FinScope indicates that a considerable 30% of SMME owners are 35 years or younger, underlining the role that the youth play in building a resilient economy and creating jobs, regardless of numerous socioeconomic challenges and risks. Young South Africans are well-positioned to excel as entrepreneurs and business leaders despite these challenges. Being young offers the freedom to take risks without significant financial responsibilities, encouraging young people to learn from mistakes and recover quickly. Embracing failure as part of the journey builds resilience, and failing early inadvertently accelerates their long-term success, with each learning curve providing a stepping stone towards their entrepreneurial goals. Young entrepreneurs also possess the energy needed for the fast-paced hustle of business, especially as technology continues to evolve. Their fresh perspectives and innovative ideas resonate with modern markets, attracting support from those eager to buy into the vision of our youth. Slugging it out as a young aspiring entrepreneur also affords one substantial time to learn key skills such as marketing, sales, leadership and financial management. With the 2024 matric class entering the market in 2025, know that the South African economy eagerly awaits your entrepreneurial contributions, and dreams, this year. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.businesslive.co.za/fm/opinion/letters/2025-01-30-letter-value-of-young-south-africans/

Maryn Blignaut | 29 January 2025 Like many other countries, South Africa struggles with a high unemployment rate among young people. Briefly News is committed to youth development initiatives and hosts various special projects, webinars, workshops and courses throughout the year, says Maryn Blignaut, Head of the Human-Interest Desk at Briefly News.  Geographical and gender disparities, limited access to proper education and an unstable economy all play a role in the struggles of young jobless South Africans. Therefore, youth empowerment programmes should not be seen as just initiatives; they are an investment in young people's future and, in turn, a key to addressing pressing social challenges. These initiatives are designed to develop leadership skills, encourage critical thinking and foster a problem-solving mindset in young professionals. Unemployment in South Africa: The Youth Perspective Young South Africans under the age of 34 live with the harsh realities of unemployment. A staggering 45.5% of young people in the country are jobless — much higher than the national average of 32.9%. This frightening statistic shows how dire an intervention is to change the circumstances of young South Africans' lives. The Importance of Experience: A Key to Youth Employability While education provides young professionals with essential theoretical knowledge for business careers, a degree alone does not guarantee employment after graduation. According to the 2022 Labour Market Dynamics in South Africa report, some form of experience significantly increased young jobseekers' chances of being employed, more so than adults, even after a period of inactivity. This "experience divide" further proves why youth empowerment initiatives are crucial in developing young professionals. Programmes like internships, apprenticeships and experiential learning programmes equip them with the necessary skill set and boost their employability. Social Challenges: How Youth Empowerment Gives Power to Communities Facing unemployment, many young people turn to risky and unhealthy ways to make a living, often resulting in lives marked by crime and substance abuse. Youth empowerment initiatives can educate young people on alternative options to achieve success. By offering mentorships, vocational training and entrepreneurship development, these initiatives lay the foundation for a better future. Briefly News' Role in Youth Empowerment As a leading news platform, Briefly News recognises the importance of youth empowerment. In June, we launched a special project for Youth Month, titled 'Briefly News Young Money Makers.' The project highlighted the journeys of seven young, up-and-coming entrepreneurs who had to build businesses from scratch. Briefly News' 'Young Money Makers' gave these young entrepreneurs a free platform to promote their businesses and share their empowering stories with a large online audience. The project reached 1.8 million people online during Youth Month. Their stories also highlighted the importance of mentorship and development programmes for young professionals and aspiring entrepreneurs, giving insights to other young South Africans wishing to follow suit. Entrepreneurship offers a promising pathway to economic stability and a solution to youth unemployment. However, a critical barrier for young aspiring entrepreneurs is the lack of mentorship and structured support. One of Briefly News' 'Young Money Makers' participants, Tinashe Zano, shed light on how important youth initiatives are for young professionals' growth. Zano, the Founder of Nspire footwear, is a chartered accountant with his own firm. During our interview, the young entrepreneur discussed how the South African Institute of Chartered Accountants (SAICA), South Africa's pre-eminent accountancy body, runs mentoring programmes to develop their young members. The entrepreneur said his mentor would ask thought-provoking questions and help him find solutions to obstacles he would not have considered before. While the mentorship programmes ordinarily last a year, Zano added that he still speaks to his mentor, and the programme helped build a life-long connection. Briefly News also offers various skills training options throughout the year aimed at empowering the youth. A few of our initiatives include the workshop AI for Journalists: Power Up Your Reporting Ethically, which was held in February 2024. The media platform also created a copywriting course for avid writers. This course was designed for people to study in their own time andoffers one-on-one mentorship, practical assignments, CV-creation consultation and an internship. The publication also hosted a free AI webinar in November 2024. Conclusion Youth development initiatives are crucial for combating unemployment among young South Africans and contributing to economic growth. Through skills training, mentorship and experiential learning, young people can be equipped with the tools needed to become leaders with honed problem-solving and forward-thinking skills within their communities. Briefly News, through projects like 'Young Money Makers' and ongoing educational workshops, has shown its commitment to supporting young people's growth and success. Briefly News dedicated itself to offering various workshops, courses, webinars and projects that help young people gain exposure to aid in their success. The journey towards reducing youth unemployment is long, but with united efforts and steadfast commitment, we can make a meaningful impact in the lives of the country's young people. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.mediaupdate.co.za/media/157366/briefly-news-promotes-youth-development-initiatives

Creamer Media | 28 January 2025 Datacentrix has marked a major milestone in its transformation journey by becoming 100 percent black owned. Alongside this achievement, the organisation has retained its Level 1 broad-based black economic empowerment (B-BBEE) rating for the eighth consecutive year, affirming its commitment to driving meaningful change within South Africa 's socio-economic landscape. The organisation scored an impressive 127 out of 130 points on its latest B-BBEE scorecard, reflecting sustained efforts in areas such as employment equity, skills development and SME engagement, and is 72.88 percent black women owned. “These achievements are testament to Datacentrix's dedication to creating opportunities for economic growth, empowering local businesses and supporting transformative initiatives,” states Ahmed Mahomed, Datacentrix Group CEO. Further strengthening its position as a trusted and secure hybrid IT systems integrator and managed services partner, Datacentrix has also reattained several ISO certifications. These include ISO 27001, 27701, 27017, 27018 and 27032 for information security and privacy management, as well as ISO 9001 for quality management, ISO 14001 for environmental management and ISO 45001 for occupational health and safety (OHS). This year, in addition to the norm, Datacentrix upgraded ISO27001:2013 to ISO27001:2022, which required that the company demonstrate its ability to navigate the complexities of information security in today's digital environment .  “Datacentrix is proud to announce that the achievement of ISO20000-1:2018 confirms that the company's IT Services Management System is of the highest quality and is a reflection of our commitment to the continuous improvement of IT services ,” Mahomed adds. The ISO certifications validate Datacentrix's ability to deliver a mature service offering, and one that is aligned with international standards. They also reinforce the company's dedication to providing a secure, efficient and sustainable environment for its employees, customers and partners. “Through these milestones, Datacentrix continues to position itself as a key enabler of South Africa 's digital transformation, fostering growth, resilience and innovation in the local ICT sector,” he concludes. Empowerment highlights: Level One B-BBEE rating 100% Black ownership 72.88% Black women ownership Designated supplier, enabling 135% procurement recognition in:  Procurement expenditure from all suppliers; Procurement expenditure from suppliers who are at least 51% Black owned; Procurement expenditure from suppliers who are at least 30% Black women owned; and Procurement expenditure from Designated Group Suppliers that are at least 51% Black owned. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.engineeringnews.co.za/article/datacentrix-marks-100-percent-black-ownership-retains-level-1-b-bbee-status-and-multiple-iso-certifications-2025-01-28

Deryn Graham - 24 January 2025 Are we adequately training young people for the labour market, or do we need to review our approach to education and training?  According to the Deputy Minister of Higher Education and Training Dr Mimmy Gondwe, education is a means to an end and not an end in itself. The end goal, of course, is employment, but for many graduates, jobs are elusive, and years after graduation, they remain without work.  But is there really a skills gap or does the problem lie elsewhere?  According to Ebrahim-Khalil Hassen, Senior Researcher at the Gauteng City-Region Observatory (GCRO), in order to meet the private sector’s employment demands, tertiary institutions need to balance managerial training and functional competency with academic excellence. “We need to create career pathways from hard skills to more general managerial training,” he says. The Sector Education and Training Authorities (SETAs) are in theory meant to drive reporting on skills demand in their respective industries, although their own skills in achieving this are patchy. Stephanie Allais, Professor of Education and Research Chair of Skills Development at the Centre for Researching Education and Labour, has written extensively about the shortcomings of the SETAs.  “The process is too complex with too many tools to do too many things, rendering it ineffectual,” she says. “The data coming from employers is poor, and this feeds into poor reporting and so skills development funding goes to the wrong places.”  She also claims that SETAs tend to go through box- ticking exercises, reporting skills deficits only in areas in which they are already equipped to train, as this earns them their subsidies. In addition, Small and Medium Enterprises (SMEs) lie outside skills sector planning and their needs are not factored in. “Funding models for Technical and Vocational Education and Training institutions (TVETS) and vocational training are also complex and so, given that a university degree is still seen as increasing graduates’ prospects of getting a job, those that can, go to university,” she says. However, she believes, while vocational colleges can’t solve youth unemployment and plug all the gaps, they can play an important role in the economy if they are funded more efficiently and if they had a clearer mandate. Government thwarts innovation In his 2024 State of the Nation speech, President Ramaphosa spoke about a 'demand-led' approach to job creation, launching the National Pathway Management Network which aggregates learning and earning opportunities on a single platform. Here young people can match their skills with jobs and access a range of support services.   Another government initiative is the Labour Market Intelligence Partnership (LMI) which aims to ‘integrate skills planning with government strategies and plans in order to produce a capable workforce to achieve an inclusive growth path’. Their manifesto goes on to say that ‘LMI ensures that skills are not a constraint on economic growth and promotes the use of labour market intelligence for skills provisioning’. Launched in 2012, the success of this programme is debatable. If it’s entrepreneurial endeavour that is going to be the job creator of the future – picking up some of the slack in the labour market – then South Africa is in trouble. While we have great, innovative minds, legislative barriers to establishing a company are high and the track record of small businesses making it past year one is poor. The Global Entrepreneurship Monitor shows that we score highly for start-ups, but low for established businesses, and this must be a concern.  “We are an industrious nation, but South Africa is a difficult place in which to succeed and so we are not developing the jobs in the SME sector that we should be,” says Hassen. “The fact is that we have a concentrated economy dominated by a number of large companies.”  Without a transition of asset holdings, the jobs and skills market will intrinsically be bound to their needs.   Hassen believes that we will only build new assets by looking for a better return on investment on education. Allais puts it more bluntly, “South Africa has a skills crisis, and our education system isn’t meeting the needs of the economy.” Skills scapegoating Beyond the skills crisis, the socio-political landscape, too, impacts who gets to work. On claims that ‘automation and foreigners are taking jobs and widening the skills gap’, Hassen says, “The introduction into basic education of subjects such as robotics and coding, and the Basic Education Laws Amendment [BELA] Act making Grade R compulsory, will go a long way to addressing skills deficits, but only in the future.” As for xenophobic accusations that foreigners are taking South African jobs, he believes that a society that attracts skills from overseas is better than an insular one, and that we mustn’t scapegoat foreigners for our unemployment crisis.  One proposal to meet the skills gap challenge is the provision of a universal basic income grant. Hassen believes that such a grant would put recipients on a path to economic activity, eventually funnelling some of them into the jobs market. “Make everyone part of the economy, and the opportunities for acquiring skills will be more equitably distributed,” he says.  South Africa undoubtedly needs a programme of re- and up-skilling of the existing workforce, structural change to increase job opportunities, and a more innovative form of capitalism if we are going to address our skills deficit and a state of persistent unemployment. ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://www.wits.ac.za/news/latest-news/research-news/2025/2025-01/plugging-south-africas-skills-gap.html

IT-Online | 27 January 2025 The Department of Trade, Industry and Competition (the dtic) says the new R100-billion Transformation Fund is not a new tax, but rather a way of facilitating existing broad-based black economic empowerment (B-BBEE) commitments. In a statement, the DTI says the Transformation Fund aims to promote digital inclusion, address fragmentation, foster sectoral growth, enhance market access, and support indusrialisation. Parks Tau, minister of trade, industry and competition, says: “The Transformation Fund is not about imposing new obligations but about ensuring that existing commitments under the B-BBEE legislation are strategically utilised to create meaningful economic transformation. It embodies our constitutional mandate to achieve equality and empower historically disadvantaged communities.” The fund’s conceptual framework will be opened for public consultation and stakeholder engagement with a target to mobilise R100-billion by 2029. Tau adds, “The Transformation Fund is not merely a funding mechanism, it is a catalyst for change. Through collaboration with the private sector, civil society, and other stakeholders, we will create an economy that is inclusive, sustainable, and reflective of South Africa’s diversity.” ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://it-online.co.za/2025/01/27/dti-attempts-to-allay-empowerment-fund-fears/

Jan Vermeulen | 26 January 2025 Culross Property Co, the company at the centre of the controversy surrounding Dimension Data’s sale of The Campus, has entered business rescue. The Campus was sold for around R1.3 billion to a black women-led consortium. Dimension Data’s financial statements valued it at R1.6 billion. Former Dimension Data CEO Grant Bodley said at the time that selling The Campus was part of a restructuring programme to focus on its core business. He said it would also help the company’s B-BBEE rating, which improved from Level 4 to Level 2, with ambitions to reach Level 1. However, Japanese parent company NTT launched an investigation into the deal in 2022 after a whistleblower reportedly provided the company with enough evidence of malfeasance to warrant one. It appointed Herbert Smith Freehills to investigate the matter and ultimately launched legal action  against several former executives in 2023. NTT said the investigation revealed that former senior executives did not disclose their personal financial interest in the transaction and wrongfully induced its conclusion. When NTT confirmed the legal action against the six former Dimension Data executives, it also named them for the first time: Jeremy Ord, Jason Goodall, Grant Bodley, Steven Nathan, Saki Missaikos, and Bruce Watson. The announcement came as a shock, as the six men were South African IT industry royalty. Last year, the Johannesburg High Court delivered a bombshell ruling against the six men and several people who worked with them on the deal. “The scheme was brazen and dishonest. It was orchestrated without due regard to the relationships between the Japanese holding entities and the SA interests,” Judge Denise Fisher said in her ruling. Fischer said if this flouting of foundational and universal commercial values remains unchecked and unpunished, it would be a travesty. She said it would tarnish South Africa’s commitment nationally and internationally to the upholding of the values of honesty and integrity, which are intrinsic to proper commercial relationships. “This is a cautionary tale for those who apply and regulate the BEE infrastructure which is so vital to the development of our constitutional democracy,” Fischer stated. She declared the transaction void and ordered that Dimension Data Facilities was entitled to restitution of The Campus and all related assets and contracts that were transferred to ID Propco. Fischer also ordered that the former executives and ID Propco pay NTT’s legal costs on a punitive scale. The executives said they  would appeal the ruling , stating that they would clear their names by proving the deal was above board and never sought to undermine transformation. Culross Property Co was at the centre of the deal to sell The Campus. The High Court ruling stated that one of the defendants, Martin Epstein, took complete control of The Campus buyer. “He changed its name to Culross Property Co and was then appointed as its sole director,” it said. It added that Epstein was acting and continues to act as a front for the protagonists and that he had no real control. “The protagonists” is how the court referred to the accused executives. “This is evident from the protagonists’ statements that they are willing to reverse the transaction on their terms, which demonstrates their impunity,” the judgement said. “Epstein has not even made a pretence of autonomy. He has not made an affidavit to explain the part played by him.” On 14 November 2024, Culross was placed under business rescue, and Lance Schapiro was appointed as the business rescue practitioner (BRP). Epstein explained that the company was established to hold The Campus. Its focus was to own and manage this company. It entered into agreements to finance the R1.3 billion acquisition of The Campus. However, this deal faced legal challenges. Legal proceedings were initiated in October 2022, challenging the validity of the sale and purchase of the rental enterprise entered on 11 October 2019. This dispute has stalled potential transactions, as the pending litigation deters potential buyers and refinancing options. It challenged the validity of the agreement related to the sale of The Campus, seeking the return of the property to Dimension Data. As the High Court ruling declared the transaction void, Culross Property Co received a demand for this money. “This debt obligation has placed an unsustainable financial burden on the Culross Property Co,” Epstein said. He explained that Culross Property Co was unable to pay certain of its debt and that it was unlikely to change. “The Company’s major creditor issued a letter of demand on 5 November 2024, requiring repayment of the outstanding balance by 8 November 2024,” Epstein said. Culross Property co said that given the severity of its financial situation, the board believed that placing the company into business rescue was the most prudent course of action. “There is a reasonable prospect that business rescue proceedings will provide a pathway to resolve the company’s financial distress.” ‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’. https://mybroadband.co.za/news/business/579903-company-at-centre-of-fraud-case-against-former-top-dimension-data-executives-enters-business-rescue.html