Sigma Connected, Business Process Outsourcing specialists, explain how they are working toward reducing unemployment and growing South Africa’s economy through Impact Sourcing.
Unemployment has destabilised the future of a whole generation of young South Africans and the road ahead is seemingly getting darker with the pandemic.
With an already ailing South African economy prior to COVID-19, the pandemic further exposed other long-standing socio-economic weaknesses within the country.
According to Statistics South Africa, the unemployment rate stood at 34.4% in the second quarter of 2021 and is the highest tracked by Bloomberg for 2021. The youth unemployment rate stands at a catastrophic 74%.