Mas­sive in­vest­ment in YES ini­tia­tive

Public Sector Manager - - In Other News -

Re­spond­ing to Pres­i­dent Cyril Ramaphosa's “Thuma Mina” ini­tia­tive, the Volvo Group South­ern Africa is in­tro­duc­ing a Youth Em­ploy­ment Ini­tia­tive.The Swedish au­to­mo­bile gi­ant hopes that the pro­gramme which was un­veiled in May at its assem­bly plant in Dur­ban, will help ad­dress South Africa's high un­em­ploy­ment rate among the youth.

Pres­i­dent of Volvo Group South­ern Africa Tor­b­jörn Chris­tens­son said this year the com­pany is in­vest­ing another

R25 mil­lion as part of the Youth Em­ploy­ment Ser­vice (YES), which will tar­get tech­ni­cal vo­ca­tional ed­u­ca­tion and train­ing col­lege stu­dents.

Dur­ing the course of the year, the com­pany will es­tab­lish a spe­cialised Driver Train­ing Academy to ad­dress the short­age of skilled driv­ers in the re­gion at an in­vest­ment of R1.4 mil­lion. They are also con­tin­u­ing with their in­volve­ment in Star for Life, a non-profit or­gan­i­sa­tion that aims to pro­vide young peo­ple in south­ern Africa with es­sen­tial life skills, sports train­ing and health ed­u­ca­tion to the tune of R7.8 mil­lion.

Volvo's ini­tia­tive is in line with the YES ini­tia­tive led by Pres­i­dent Ramaphosa. Launched in March, the ini­tia­tive be­tween busi­ness, gov­ern­ment, labour and civil so­ci­ety will see busi­nesses creat­ing one-year paid po­si­tions for youth aged be­tween 18 and 35 with a min­i­mum paid stipend of R3 500 a month.

Chris­tens­son said Volvo be­lieves in the fu­ture of South Africa, es­pe­cially in the youth and the end­less po­ten­tial they hold. “As a global com­pany, with a strong com­mit­ment to the suc­cess of South Africa, we also sup­port gov­ern­ment's ini­tia­tive to fo­cus on youth de­vel­op­ment as is en­vi­sioned in ini­tia­tives such as the pro­posed Youth Em­ploy­ment Ser­vice,” he said.

Pres­i­dent Ramaphosa wel­comed the com­mit­ment from Volvo, say­ing it will go a long way in ad­dress­ing the high rate of youth un­em­ploy­ment which he said is the great­est chal­lenge to so­cial de­vel­op­ment in South Africa.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.