SA's Government Employees Pension Fund says it has allocated R13-billion to three new funds targeted at boosting employment and economic growth.
That's the only way South Africa will meet the ambitious goals of the NDP, says Godsell.
A new body called the US-South Africa Business Council will be created to help promote trade ties between America and South Africa.
Growth in SA is going to require targeted strategies in collaboration with business, rather than government focusing on gross domestic product growth.
Finance Minister Pravin Gordhan tightened his belt, chided the country's critics and delivered a no-nonsense medium-term budget policy statement.
About 600-million new jobs will be needed worldwide in the next 15 years to absorb a burgeoning workforce, mainly in Asia and sub-Saharan Africa.
Is South Africa facing a widespread mining revolution capable of disrupting an industry vital to everything from job creation to foreign exchange?
Ebrahim Patel told Parliament last week that SA has a strategy to deal with the pending crisis. This is an edited version of the speech he gave.
The creation of "mini-jobs", which allow people to take on work without paying tax or national insurance, is being considered by the British treasury.
The ANC has no appetite for the youth wage subsidy put forward by the Treasury last year in an attempt to alleviate the high youth unemployment rate.
The government has claimed that job creation is its top priority yet it has cut the allocated budget by almost R4-billion from last year.
At a time when job creation is the focus of economic policy, a colossal fight is brewing over the reliability of employment statistics in SA.
A national strategy is teaching communities basic skills and putting food on the table.
South Africa aims to create five million jobs by 2020 but has only created 624 000 in the last decade, according to a survey released on Monday.
Government says Cabinet's January lekgotla, which will form the basis of the president's state of the nation speech, is due to begin on January 17.
According to the Adcorp Employment Index, over 100 000 new jobs were created in December 2011 with temporary work growing the fastest.
National planning commission outlines proposals that will help the failing state to meet its long-term goals.
President Jacob Zuma says the government wants more public sector internships to increase job creation and aid skills development.
Pravin Gordhan needs SA's economy grow at a rate of around 7% per annum in order to create jobs and keep the country globally competitive.
Jobs are not being created fast enough to absorb the rising labour force, despite two consecutive quarters of job creation in SA, says Ebrahim Patel.