Whether it is his position that the Transformation Fund (TF) is not a sanitised Black Industrialist Programme (BIP) to appease capital since the word black offends foreign investors and may impact adversely on privatisation; if not, what ar

Transformation Fund (TF) financing and implementation mechanisms (budget and timelines to be communicated)

The Transformation Fund is described as a programme that aggregates various financial interventions anchored by B-BBEE to promote and accelerate economic transformation and enable meaningful participation of black people in all sectors. Further information on the Transformation Fund, including implementation mechanisms such as the budget and timelines, will be communicated once internal processes are completed.

Who it is for

black people and entities seeking meaningful participation in all sectors of the economy through economic transformation and industrialisation

How to act on it

Wait for the revised final Transformation Fund document to be published once approved, and for further information on implementation mechanisms (including budget and timelines) to be communicated once internal processes are completed.