South Africa's youth wage subsidy scheme has not been very effective in eradicating youth unemployment, the World Bank says in a new report. "The programme had no significant impact on individual earnings and suffered from a low take-up of the employment vouchers by eligible employers, which partly explains its moderate impact," the report said.The government subsidises companies to employ and give work experience to young people under the programme.South Africa needed better programmes to address chronic youth unemployment, the World Bank said yesterday.Across the globe last year about 500million youth were unemployed, underemployed, or working in jobs that offered no security."Right now the prospects for too many young people to be engaged in productive work are dim," the World Bank report said.The most recent data from world development indicators showed that South African youth unemployment stood at 51%, Libya at 49%, Serbia at 49% and Jamaica's at 35%.The global average youth unemployment rate is projected to be 13.1% this year compared with 4.5% for adults, according to the International Labour Organisation...