During panel discussions held at the Summit, it was revealed that the worsening unemployment crisis and the rapid rise of  are forcing business leaders, policymakers and youth advocates to confront an urgent reality: traditional approaches to job creation are no longer enough.

With youth unemployment among people aged 15 to 34 sitting at 45.8%, experts said the country must rethink how it prepares young people for a rapidly changing labour market increasingly shaped by technology, automation and digital skills.

Speaking during discussions focused on the future of work and employability in Africa, business leaders and youth development advocates stressed that collaboration between corporates, government and civil society will be critical to creating sustainable employment pathways.

, Chief Executive Officer of the , one of the panelists at discussions held during the Summit said connecting young people to opportunities and networks is one of the biggest challenges facing the country.

鈥淪kills become more powerful when young people are able to connect to people who can teach them and upskill them,鈥� said Gibbs.

She explained that many young South Africans face fear and uncertainty when trying to enter the workforce, particularly as AI transforms industries and career paths.

鈥淭here is so much fear in trying to find a job. It is all of us that need to do something different,鈥� she said. 鈥淐onnecting skills with opportunities is what we need to look at and AI is a fantastic tool to help you with creating and opening up that conversation.鈥�

Gibbs added that behind the unemployment statistics are real people and communities struggling to find stability and opportunity.

鈥淏ehind these figures there are faces, names and stories,鈥� she said.

They further argued that while AI is often viewed as a threat to employment, it also presents significant opportunities for those willing to adapt and learn new skills.

,聽麻豆原创 Young Professionals Graduate (YPP), Global Government Affairs & CSR Intern at 麻豆原创, said fears around AI replacing jobs often stem from resistance to change.

鈥淭he notion of AI taking jobs comes from the notion of not willing to learn,鈥� Motseta said. 鈥淲e need to learn and adopt as it can assist in daily work lives.鈥�

She encouraged young people to invest in understanding AI and digital tools in order to remain competitive.

鈥淲e should be investing in learning more about AI and to remain up to date,鈥� she said.

During a panel discussion under the banner:聽Creating Jobs in the Age of AI,聽,聽a senior solution advisor and AI specialist at 麻豆原创 said聽organisations and individuals alike need to embrace a mindset shift around reskilling.

鈥淚f we do not come to terms that we need to adapt and reskill, people who are willing will not be left behind,鈥� Sevel said.

The discussions also highlighted the widening digital and skills gap facing corporate South Africa.

, 鈥檚 Tech Consulting Leader and Tech Alliances Leader said many technology firms and banks are already facing ageing skills gaps and increasing demand for digital talent.

鈥淢ost tech and banks have an ageing skills gap,鈥� Shaun said. 鈥淚t requires people to think differently and work together.鈥�

He added that stronger collaboration between businesses is needed to scale meaningful employment interventions.

鈥淔orums such as these are exceptional. We need more corporates in the room with more commitments made,鈥� he said.

The role of infrastructure in enabling long term job creation also emerged as a major theme.

, Head of the Digital Service Unit in the Presidency and chairperson at the , argued that sustainable job creation depends on building strong digital infrastructure rather than relying solely on companies to create jobs directly.

鈥淛ob creation does not come from companies. It comes from infrastructure,鈥� Lubega said.

He pointed to countries such as India, where investment in digital infrastructure unlocked innovation and large scale economic participation.

鈥淪outh Africa has good foundations, a strong banking sector, strong institutions and incredible talent,鈥� he said. 鈥淏ut everyone is working in their own silos and we need to come together and collaborate.鈥�

Executives from聽聽also stressed that Africa鈥檚 future workforce will need to adapt rapidly as industries evolve.

, Managing Executive: TalentManagement and Transitions at Absa Group, said Africa鈥檚 future growth story depends on decisions being made now around skills development and employability.

鈥淭he decisions we make every day shape the continent,鈥� Bako said. 鈥淲e need to build the skills of the future and create sustainable jobs.鈥�

According to the World Economic Forum, roughly 60% of Africa鈥檚 workforce will need reskilling in the coming years as technology reshapes industries and business models.

, Chairperson and CEO, warned that the speed of change is leaving many young people underprepared for the realities of modern work.

鈥淭he change that is taking place is chaotic and we are not necessarily equipping young individuals for what is out there,鈥� Mark said.

He argued that businesses, and civil society organisations need to work more closely together to understand the realities facing young communities.

鈥淐ivil society lives on the streets. They have a deep understanding of what the young community wants,鈥� he said.

Amanda Gibbs, Chief Executive Officer of the African 麻豆原创 User Group, one of the panelists at discussions held during the Summit said connecting young people to opportunities and networks is one of the biggest challenges facing the country.

鈥淪kills become more powerful when young people are able to connect to people who can teach them and upskill them,鈥� said Gibbs.

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The Kenyan implementation of S/4 HANA was launched on Amazon Web Service Hyperscaler, an African first for 麻豆原创 and a Tier 1 bank in the African banking industry.

鈥淯sing best of breed technology and cloud, we are transforming our Finance business with highly integrated systems, automation and consolidation of our financial data and reporting鈥欌�� says Ebrahim Samodien, CIO Functions Technology.

麻豆原创 had been chosen to assist in simplifying the group鈥檚 internal finance and reporting processes.聽The implementation of 麻豆原创 S/4 HANA is a step towards Absa鈥檚 vision to consolidate and report off a single instance General Ledger.

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The programme will go live in South Africa next.

The programme, named Owari (signifying interconnectivity), is an initiative to ultimately standardise and transform Absa鈥檚 financial reporting and procurement processes across the 14 countries in which the group operates.

鈥淔inancial reporting and vendor processes are typically complex and onerous processes for multinational companies with legacy systems,鈥� says John Annandale, Absa鈥檚 group financial controller.

鈥淲e are migrating all Absa entities onto a back-office finance and procurement template solution on fully integrated platforms, enabling us, longer term, to standardise and automate these processes,鈥� he says.

Absa Group鈥檚 primary ledger as well as group reporting and consolidation will ultimately move to the new solution, improving controls and reducing risk by consolidating all financial data across finance, risk, and treasury functions.

The Owari programme delivered an integrated general ledger solution by integrating a 麻豆原创 S/4 HANA enterprise resource planning system on AWS with Coupa, a Software as a Service (SaaS) spend management solution, in Kenya. The end-to-end solution is fully cloud-based, rather than residing in on-premises data centres. This means that the solution can be accessed online at any time from any location.

Absa is increasingly adopting cloud-based computing in lieu of on-premises data centres, based on scalability, cost and efficiency benefits.

鈥淓stablishing the new integrated solution, and as a fully cloud-based service, was a great challenge,鈥� says Ebrahim Samodien, CIO in the Absa Group technology office. 鈥淢any companies have struggled to transfer finance processes to the cloud as it is challenging from a data, technical and regulatory point of view. Owari was successful in Kenya as a result of the approach we took and the software and technology choices we made.鈥�

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