News & Insights

Youth Unemployment crisis worsens

As artificial intelligence (AI) and automation reshape global labour markets, the World Economic Forum (WEF) Future of Jobs Report predicts a paradoxical outcome: AI will replace nearly 85 million jobs worldwide by 2025 but create 97 million new opportunities in fields like big data, cybersecurity, and green technology.

Joel Perry, academic manager at iFundi, echoed this sentiment, recommending AI-driven qualifications for matriculants.

“Young people can also branch into non-degree programmes that develop AI skills,” Perry said.

This pathway is especially critical for South African matriculants, many of whom lack the academic results or financial means to pursue traditional university degrees.

Yet, South Africa’s education system continues to underperform. Despite an official matric pass rate of 87.3% in 2024, the real pass rate is just over 50% when considering the 1.22 million students who started Grade 1 in 2013. Minimal pass requirements – a mere 30% in three subjects and 40% in three others – leave many graduates unprepared for higher education or employment. Read more