From Creamer Media in Johannesburg, I'm Amy Witherden.
Rural development, job creation and poverty alleviation were central to Youth Day commemoration messages yesterday.
At a rally in Katlehong, African National Congress (ANC) Youth League president Julius Malema urged President Jacob Zuma to set aside 60% of the 500 000 jobs he has promised to create, for the youth.
Malema also slammed the previous Umsobomvu Youth Fund and the National Youth Commission. The two bodies have been merged to form the National Youth Development Agency, which was formally launched yesterday, coinciding with the commemoration of Youth Day.
Following Malema's speech, President Zuma urged the new body to prioritise poverty alleviation, rural development, substance abuse and crime-fighting programmes among the youth.
International Monetary Fund (IMF) MD Dominique Strauss-Kahn says that governments and banks have much yet to do to ensure that the global economy begins to recover at the start of next year.
Finance Ministers of the Group of Eight (G8) developed nations agreed over the weekend that the global economy was showing encouraging signs of stabilisation and started to consider how to unwind rescue steps for their economies.
The IMF chief said on a visit to Kazakhstan that he largely agreed with the G8's position, but appealed for caution in assessing the state of the global economy.
"There are some green shoots," he said. However, Strauss-Kahn emphasises caution, and says that much has to be done to be sure that recovery will take place in the first half of 2010.
The IMF has raised global growth estimates for 2010 to 2,4% from 1,9%, and confirmed its April forecast for a 1,3% contraction in 2009.
Trade and Industry Minister Rob Davies says that the recently signed Economic Partnership Agreement (EPA) between certain Southern African nations and the European Union (EU), should not be allowed to undermine the Southern African Customs Union (Sacu).
He emphasised, however, that South Africa has not threatened to "walk into Sacu and pull it apart."
His comments came after three Sacu members - Botswana, Lesotho, and Swaziland - opted to sign a separate trade agreement with the EU.
South Africa does not want the EPA to create a climate where Sacu is undermined, said Davies. South Africa is in favour of deeper integration in Sacu.
Also making headlines:
The Democratic Alliance says that the new National Youth Development Agency is set to repeat past mistakes.
The World Bank's Africa Financial and Private Sector Development Department says that African States need to set up rules to govern farmland purchases to protect themselves from possible exploitation.
And, the International Criminal Court orders Congo warlord Jean-Pierre Bemba to stand trial for war crimes.
That's a roundup of news making headlines today.