logo
Mashatile urges South African youth to seize opportunities for economic transformation

Mashatile urges South African youth to seize opportunities for economic transformation

IOL News6 hours ago

Addressing the G20 Roundtable, Deputy President Paul Mashatile urges investment in youth capabilities, highlighting the need for shared power, digital innovation, and sustainable development driven by Africa's young population.
Image: HigherEducationZA / X
Deputy President Paul Mashatile has urged South African youth to take advantage of the opportunities provided by the post-1994 democratic breakthrough.
Mashatile addressed the high-level G20 intergenerational roundtable on Friday.
'The G20 provides South Africa with a strategic opportunity to frame global policy discussions around the capabilities of young people as agents of inclusive economic transformation and sustainability,' he said.
Mashatile said it was necessary for him to acknowledge that youth around the world, including South Africa, are confronted with a complicated terrain of potential and difficulties.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Next
Stay
Close ✕
Ad loading
'Indeed, we have achieved political freedom, yet economic freedom remains elusive. Hence, the involvement of young people in tackling current issues such as unemployment, inequality, and poverty remains as crucial as during the apartheid era.
The question that confronts us, therefore, is how can we further involve young people in addressing these challenges?' he asked.
According to Mashatile, the country needs to create opportunities for meaningful participation in solutions and decision-making processes.
This involves ensuring that individuals have access to education and opportunities that improve their skills, support youth-led initiatives, and promote inclusive economic growth.
'We need to turn our attention to youth capabilities and development to empower young people to unleash their untapped potential. When we invest in youth development, we tap into this potential and convert it into a force for positive change and sustainable development,' he said.
Mashatile was speaking under the theme 'Building Youth Capabilities for a Developmental State: Advancing Solidarity, Equality, and Sustainability', which he stated was an imperative.
'Investing in the capabilities of young people is essential for achieving meaningful solidarity, enduring equality, and sustainable development. This presents an opportunity for the African people to take charge of their development.
'It is a call to reshape the global order toward justice, equity, and sustainability through the leadership and capabilities of our youth,' Mashatile explained.
He called on the youth to consistently devise strategies to advocate for change.
Mashatile said that in the past, the youth led protests and organised themselves, and frequently opposed the status quo and strived for a more promising future.
He promised that the government would anchor youth inclusion in every major pillar of South Africa's G20 presidency.
'As South Africa prepares for the G20 Leaders' Summit in November, we do so with the consciousness that global leadership must be grounded in domestic credibility and continental solidarity.
'The developmental state we seek to build is not a theoretical construct; it must be a living architecture built on the capabilities, aspirations, and contributions of its young people,' said the deputy president.
loyiso.sidimba@inl.co.za

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Freedom Front Plus visits Washington to mend SA-US relations
Freedom Front Plus visits Washington to mend SA-US relations

eNCA

timean hour ago

  • eNCA

Freedom Front Plus visits Washington to mend SA-US relations

WASHINGTON, DC - Freedom Front Plus leader, Dr Corne Mulder says he's in the United States, to fly the South African flag high. The FF-Plus is in Washington DC, for what it says is a genuine concern for the country's future. Dr Murder says President Cyril Ramaphosa and his delegation's visit to the White House was not a success, and therefore, through their visit to Washington, hope to fix South Africa's relationship with the United States. The party with some business representatives and farming groups believe some preconditions need to be met before ties are restored. These preconditions include prioritising farm murders and exempting US companies from BEE. Freedom Front Plus leader, Dr Corne Mulder had a discussion with eNCA's Gareth Edwards about their trip to the US.

Sorry, not sorry? Floyd Shivambu apologises over 'drugs' allegations
Sorry, not sorry? Floyd Shivambu apologises over 'drugs' allegations

The South African

time3 hours ago

  • The South African

Sorry, not sorry? Floyd Shivambu apologises over 'drugs' allegations

Floyd Shivambu has issued a back-handed apology to MK Party spokesperson Nhlamulo Ndhlela, whom he accused of abusing drugs and alcohol. The former secretary-general made a public apology after he was served with a legal letter of demand and another to appear in court for defamation. At a press conference last week, Floyd mentioned another MK Party member – supposedly Duduzile Zuma-Sambudla – who he claimed 'took drugs and tweeted at night'. He has since claimed that his comments were not directed at her. Speaking at the Mayibuye Consultation Process dialogue on Friday, 27 June, Floyd Shivambu addressed his comments about his fellow MK Party colleague. 'I must unconditionally retract the statements about drug use and alcohol abuse of Nhlamulo Ndhlela'. However, he added, 'But we take this opportunity to encourage all the people of South Africa to stay away from drugs and alcohol. If they are members of parliament or leaders of different political parties. 'Drugs will never build you, they will make a lot of mistakes'. Floyd Shivambu's apology comes hours after Nhlamulo Ndhlela posted a screenshot of his court summons over his claims of defamation. On Wednesday, Nhlamulo posted a letter of demand addressed to Floyd, demanding a public apology, retraction of comments, and a warning to cease defamatory comments. In an interview with eNCA earlier this week, Floyd Shivambu took aim at Nhlamulo Ndhlela, whom he labelled a 'imbecile' and a 'foolish leader of the MK Party'. He said: 'He's [Ndhlela] always on drugs and always high on alcohol in terms of how he deals with issues.' Floyd also accused Nhlamulo of spreading misinformation about him. He continued: 'He will use the otherwise very gullible and directionless daughter of President Zuma, who has front-row access to him by virtue of being his daughter.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.

Crookes Brothers reports record earnings amidst challenges in agribusiness sector
Crookes Brothers reports record earnings amidst challenges in agribusiness sector

IOL News

time4 hours ago

  • IOL News

Crookes Brothers reports record earnings amidst challenges in agribusiness sector

Crookes Brothers increased its revenue from continuing operations by 15% to R833.8 million in the year to March 31, 2025 after strong performances from its banana and property segments. Image: Supplied South African agribusiness Crookes Brothers has announced robust headline earnings of R64.9 million for the year to March 31, marking the highest annual earnings since 2014, following strong performances from its banana and property divisions. This was despite facing a myriad of challenges, including adverse weather conditions and operational setbacks, its directors said Friday. In reflecting on this performance, the company did announce a 24% reduction in its dividend to 150 cents a share. This decrease stems from the exclusion of once-off proceeds from the sale of its deciduous division in 2024, even as headline earnings surpassed the previous year's figures. Crookes Brothers' share price fell by 3.33% to R30.21 on Friday afternoon on the JSE. From continuing operations, revenue rose by 15% to R833.8m. A highlight was the property division's successful sale of shopping centre and filling station sites, contributing significantly to overall revenue stream. However, not all aspects were as rosy. The fair value of biological assets witnessed a significant decline of 69% to R15.4m. In contrast, the operating profit following adjustments for biological assets experienced a healthy increase of 19%, amounting to R132.5m. One particularly encouraging development was the resurgence of the banana joint venture, Quinta Da Bela Vista, which returned to profitability for the first time in three years, despite facing election-related unrest in Mozambique. Profit contributions from both Quinta Da Bela Vista and the Lebombo investment climbed to R8.5m, a significant increase from R3.3m in the previous year. The group's headline earnings per share saw an uplift of 27%, reaching 425.1 cents. Notably, finance costs fell by 21%, attributed to modest debt use, allowing the company to navigate financial pressures diligently. Nonetheless, challenges remain, especially in its sugar cane operations. Revenue from sugar marginally increased by 1% to R519.8m, yet overall volumes were slightly off last year's levels. Adverse weather, including a lagging El Niño and unusually cold conditions in July, significantly hampered yields, particularly in the un-irrigated KwaZulu-Natal region. Furthermore, a prolonged labour strike in Eswatini led to delays in harvesting, causing unanticipated losses, despite eventual favourable negotiations. Conversely, the banana segment flourished, with revenue surging by 31% to R198.4m, despite severe weather disruptions. The Mawecro farm did experience early season frost that affected 16 000 bunches, but strong market prices and a promising plant crop aided recovery. A windstorm in October resulted in extensive damage, including the loss of around 189 330 plants. The macadamia nut division also saw progress, with revenue more than doubling to R29.1m, though global prices remained below pre-COVID levels. Around 1 040 tons were harvested, but heat damage during transport reduced the saleable amount. In the property segment revenue climbed to R63.5m. This surge was bolstered by the successful sale of assets at the Renishaw Coastal Precinct, reflective of the group's strategic shift towards revamping marginal farmland for effective use. Looking ahead, the company remains cautiously optimistic, although potential pressures exist in the sugar segment, with a forecast for lower sugar prices impacting the valuation of next year's standing crops. Nevertheless, management's focus on optimising yield and quality remains steadfast. The upcoming development phases in the Renishaw Coastal Precinct exemplify the group's proactive approach to navigating challenges and seizing growth opportunities. Visit:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store