From my perspective, several intertwined factors contribute to the financial strain faced by young South Africans today.

High Unemployment and Underemployment

The job market struggles to absorb graduates, pushing many into low-wage or temporary roles that don’t leverage their skills or improve long-term earning potential.

Skills Mismatch

Rapid technological change and evolving industry needs leave some Gen Z workers underqualified for available roles, while others lack exposure to in-demand trades and digital skills.

Education System Gaps

Inequities in access to quality schooling, scarce higher-education opportunities, and rising tuition costs limit entry points into stable careers.

Economic Volatility

Currency fluctuations, inflation, and slow GDP growth erode purchasing power and increase the cost of living, squeezing young households.

Limited Access to Networks and Mentorship

Without strong professional networks, internships, and mentorship, many youths miss pathways to lucrative opportunities.

Youth Debt Burden

Student loans and debt repayment obligations constrain disposable income and the ability to invest in further training or entrepreneurship.

Cost of Living

Urban areas where jobs are concentrated have high rent and living costs, making it harder to save or relocate for better prospects.

Entrepreneurial Barriers

Access to financing, business registration, and regulatory hurdles can deter promising youth-led ventures.