Generally, hitting new highs is always great news. Except when it comes to unemployment in South Africa. We keep reaching new record levels of unemployment, with no end in sight. The reality on the ground is far worse than the official statistics, pointing to an unfolding nightmare for millions of South Africans.
With COVID-19, more employers have closed their doors or cut staff, to stay in business. Given the fragile economy, many unemployed people are simply not going to find employment in the short term. Unemployment is widespread, affecting not just the youth, but also professionals, experienced artisans and older people.
If you are unemployed, use it as an opportunity to take the path of entrepreneurship.
Instead of being unemployed, feeling depressed and stuck in life, starting a business could be the best way to go. While starting a business comes with obstacles of its own, it is worth it.
Another benefit of starting a business, is that if you later apply for a position, you have accumulated invaluable experience from the business. More employers are seeking to promote intrapreneurship. Employing an entrepreneur offers considerable advantages, as they already have the mindset, skills and experience on hand.
Finally, there are many stories of people that lost their job, started a business and never looked back. With the benefit of hindsight, losing their job was a blessing.