Public comment invited on R100bn draft Transformation Fund for black-owned businesses

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Public comment invited on R100bn draft Transformation Fund for black-owned businesses

//business-finance.news-articles.net/content/202 .. nsformation-fund-for-black-owned-businesses.html

Published in Business and Finance on Wednesday, March 19th 2025 at 13:40 GMT by IOL

Minister Parks Tau has unveiled the R100 billion Draft Transformation Fund aimed at empowering black-owned businesses, now open for public comment until May 7

The South African government has opened public comments on a draft proposal for a R100 billion Transformation Fund aimed at supporting black-owned businesses. This initiative, spearheaded by the Department of Trade, Industry and Competition, seeks to address economic disparities by providing financial support to black industrialists. The fund is part of a broader strategy to enhance economic transformation, promote inclusive growth, and ensure that black South Africans have greater access to economic opportunities. The proposal outlines how the fund will be managed, its objectives, and the criteria for eligibility, with the goal of fostering sustainable black-owned enterprises. Public input is being sought to refine the fund's framework, ensuring it effectively meets its transformative goals.

Read the Full IOL Article at:
[ https://www.msn.com/en-za/news/other/public-comment-invited-on-r100bn-draft-transformation-fund-for-black-owned-businesses/ar-AA1BfsyE ]

Publication Contributing Sources

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Public comment invited on R100bn draft Transformation Fund for black-owned businesses