Unemployment has been declared a national crisis in South Africa. Half of the countries youth are unemployed. Can entrepreneurship provide the answer? The insert examines the Kasi economy or “Kasinomic Entreprevolution”, a multi-billion Rand network of opportunity that could provide the answer to youth unemployment.

Among the youth, we need to change our perception of what is considered a job. We have a system of education and aspiration which believes a job is an 8 to 5 situation with a payslip. This is not only outdated in South Africa today; it is outdated in the world. Jobs are sometimes informal, or sometimes you may have many jobs or income streams. This is the future, and when we can free ourselves from the ‘power of the payslip’ and instead aspire to be self-employed, and to find opportunities in the Kasinomic sector, then the opportunities are huge.

Lebo Nke, Executive at Harambee

Lebo Nke, Executive at Harambee Youth Employment Accelerator gives context on the barriers youth encounter on their pathway to employment.

 

 

 

 

 

 

 

This video insert originally appeared on M-Net’s Cart Blanche programme on 23 June 2019 under the title “Kasinomic Entreprevolution“. 

Other Interesting Articles

Harambee in the News

From the desk of the President: SAYouth.mobi enabling the Presidential Employment Stimulus

18 Oct 2021

Since the Department of Basic Education opened applications for the next cohort of school assistants just two weeks ago, over 940,000 young people have applied via the zero-rated recruitment platform called SAYouth.mobi, which forms part of the national Pathway Management Network.


Read More >

 

Harambee in the News

Rooting for change: solving the unemployment crisis

06 Oct 2021

In this episode of the Impact Room, we meet the women leaders charting a new course against unemployment – and delivering results.


Read More >

 

Harambee in the News

When scale is not enough: To tackle youth unemployment in South Africa, we need systems change

30 Sep 2021

No single social enterprise can scale operations enough to address the significant, complex, and severe crisis of unemployment and specifically youth unemployment in South Africa. What is needed is systems change, which recognizes and address the complexity of the challenge to go farther and faster together.


Read More >