pravingordanBusinessLive writes that a joint venture between the government and the private sector to create a million youth internships has become a casualty of the surprise cabinet reshuffle in March.  

Colin Coleman, joint chair of the CEO Initiative‚Äôs unemployment workstream, said the launch, initially scheduled for July, was postponed to early 2018 as CEOs had to "remandate the team on the way forward" after former finance minister Pravin Gordhan was sacked.  Gordhan was spearheading a joint business and government grouping tasked with exploring ways to avert ratings downgrades and boost economic growth.  The grouping was also tasked with launching a R1.5bn fund to support small and medium enterprises, which has also been delayed.  A pilot phase involving large companies as early adopters could be implemented in September.  Coleman said negotiations with the government about incentives for businesses were under way.


Get other news reports at the SA Labour News home page