DocumentClosedcommittee question

Despite policies such as Broad-Based Black Economic Empowerment (B-BBEE) intending to correct historic economic imbalances, black ownership of South African businesses continues to lag significantly, with no companies listed on the Johannes

Parliament of South AfricaRef: https://pmg.org.za/committee-question/36014/

Official source

Source domain: pmg.org.za

Collected on 17 June 2026

Always confirm details on the official source before acting.

Our copy (archived 9 July 2026)Official source

What this means

The document is a parliamentary question directed to the Deputy President regarding measures to accelerate black ownership and control of businesses in South Africa, with a focus on policy implementation and measurable targets. The response highlights initiatives like the B-BBEE policy, the establishment of a R100 billion Transformation Fund, and support from entities such as the NEF and IDC. It emphasizes ongoing efforts to promote inclusive economic participation for black entrepreneurs and monitor progress through financial support and regulatory assessments.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

funding opportunityOngoing

Transformation Fund (R100 billion) to support black-owned and managed businesses

A Transformation Fund is being established, in partnership with the private sector, to support the funding requirements of businesses owned and managed by black entrepreneurs, with R100 billion aggregated over the term of the current administration.

Who it is for: businesses owned and managed by black entrepreneurs
How to act on it: The document states the Fund is being established and coordinated through public-private funding mechanisms, but it does not describe an application or submission process.

Show the line this came from

In response to accelerating meaningful economic participation by black-owned enterprises, the government, in partnership with the private sector, is establishing the Transformation Fund to support the funding requirements of businesses owned and managed by black entrepreneurs.

Facts

Reference

https://pmg.org.za/committee-question/36014/

Amounts

R 100 000 000 000, R 250 000, R 75 000 000

Key Takeaways

question date: 06 March 2026
questioner: Dr LW Mahlatsi
recipient: Deputy President
policy discussed: B-BBEE
amount: R100 billion Transformation Fund
supporting agencies: NEF, IDC, Competition Commission
financial support: NEF loan ranges from R250 000 to R75 million
funds disbursed: R321 million to townships, R314 million to rural businesses
transactions assessed: over 700 with a value of R631 billion
expenditure: R94 billion on Enterprise and Supplier Development
aim: promote black economic participation and empowerment

Dates

Opening Date

6 March 2026

Closing Date

6 March 2026