As South Africa prepares to commemorate Youth Day on June sixteenth, Ndalamo Assets reaffirms its dedication to addressing youth unemployment and contributing to the nation’s financial transformation.
Within the first quarter of 2024, the youth employment panorama noticed a notable shift. The variety of employed youths decreased by 7,000, bringing the entire to 2.5 million. Concurrently, the variety of unemployed youths rose by 236,000, reaching 4.9 million. This led to a 1.3 share level improve within the youth unemployment charge, which now stands at 45.5%, in accordance with the most recent Quarterly Labour Pressure Survey launched by Statistics South Africa (Stats SA).
Recognising the vital problem posed by the rising youth unemployment charge, Ndalamo is devoted to creating significant alternatives for younger individuals. At present, 44.92% of its workforce is below the age of 35, reflecting the corporate’s strategic concentrate on empowering the youth and aligning with nationwide objectives to cut back unemployment and promote inclusive progress. Ndalamo employs a complete workforce of two,656 throughout its Head Workplace and mining operations, together with contractors. Amongst these, 1,108 are younger professionals. Moreover, the corporate helps 85 learners via internships, fostering a pipeline of future leaders within the mining trade.
CEO Shammy Luvhengo commented, “Our dedication to youth employment is a core aspect of our enterprise technique. By investing in younger expertise, we’re not solely fulfilling our company accountability but in addition strengthening our workforce with resilience and innovation. This method will drive Ndalamo’s progress and play an important function in South Africa’s financial restoration. The dedication to youth empowerment underscores our function in addressing unemployment and contributing to the event of expert professionals within the mining sector.”
Ndalamo’s strategic initiatives to spice up youth employment embody a number of key areas. The corporate runs complete internship programmes, providing sensible expertise and mentorship to assist younger individuals transition from training to the office. To draw younger expertise, the corporate employs focused recruitment methods, filling roles throughout all ranges with dynamic people. Moreover, Ndalamo emphasizes steady skilled growth, offering younger workers with coaching and profession development alternatives to assist them obtain their full potential.
“We’re dedicated to being a part of the answer to South Africa’s youth unemployment disaster. Via collaborating with academic establishments and authorities businesses, implementing focused recruitment, sturdy internship programmes, and steady skilled growth, we’re empowering the subsequent era to beat the boundaries to employment and thrive of their careers,” states HR Government Litshani Mofokeng.
These initiatives are usually not solely remodeling lives however are additionally positioning Ndalamo as a frontrunner in driving financial and social change in South Africa. By specializing in youth employment, Ndalamo is addressing vital problems with inequality and contributing to a extra equitable and affluent future for all.
Director of Company Affairs and Subsidiaries, Minah Moabi, acknowledged, “Ndalamo’s transformation agenda is deeply intertwined with our dedication to financial and social transformation, significantly inside our mining host communities.
By prioritising youth employment, we’re not solely fostering financial progress but in addition driving social progress. Our initiatives goal to equip younger individuals with the talents and alternatives wanted to thrive, making certain they grow to be lively contributors to their communities and the broader financial system. This method aligns with our strategic imaginative and prescient of making sustainable, inclusive progress that advantages everybody concerned.”
