Gordhan calls on corporate sector to invest in youth

Gordhan has endorsed a campaign challenging businesses to help employ South African youth.

Finance Minister Pravin Gordhan at the Sars briefing on 01 April 2016. Picture: Christa Eybers/EWN

CAPE TOWN - Finance Minister Pravin Gordhan has called on business and corporates to invest in South Africa's youth.

Gordhan has endorsed a campaign calling on businesses to pledge to make over 3% of their workforce consist of internship programmes.

More than 5 million people are unemployed in South Africa, many of them young people.

Gordhan says this needs to change to ensure a better future for the country.

"This initiative is one important part of a contribution that the corporate sector and others can make to giving youth hope, some sense of perspective out of various possibilities that are available to them. And that as a society we care about those who sit on the margins."

Earlier, Gordhan reiterated the importance of building partnerships to help stabilise and grow South Africa's economy.

Speaking in Sandton this morning, Gordhan said working together helped the country avoid a ratings downgrade earlier this year.

"It's the partnership approach between labour and government and business and our ability to create a united narrative and present a united front as a country, and it enabled us to pass that hurdle in June."