Mashatile welcome's private sector's commitment to help raise R100bn for Transformation Fund
ALSO READ: Mashatile vows to shield R100bn transformation fund from corrupt hands The Department of Trade and Industry previously clarified that the R100 billion initiative was not intended to replace existing black economic empowerment efforts but rather to complement them.The government has partnered with the private sector to raise the funds over the next five years.
Speaking at a business breakfast in Pretoria on Monday, Mashatile welcomed the private sector's willingness to support black-owned enterprises.
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Deputy President Paul Mashatile emphasised the imperative of empowering youth to lead economic and social transformation. Image: SIGCINIWE Speaking at the G20 High Level Intergeneration Dialogue in Sandton last Friday, Deputy President Paul Mashatile emphasised the imperative of empowering youth to lead economic and social transformation and to be at the core of the global engagement on the future of the society they will inherit – It was warming. We have observed the month-long sacrament called youth month in South Africa by bemoaning our challenges and celebrating our youth heroes and trailblazers. Now that the elders have once again temporarily remembered the youth of 76 we must not cast our eyes off the existential global crisis - the climate crisis. South Africa's energy transition is both a national imperative and a strategic opportunity for youth empowerment. 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In a landmark judgment, in favour of the #CancelCoal campaign, the country's first youth-led constitutional climate case. The campaign, led by African Climate Alliance, Vukani Environmental Justice Movement, and groundWork, challenged the inclusion of 1 500MW of new coal-fired power in the 2019 Integrated Resource Plan. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The court agreed that the plan violated several constitutional rights, including the right to an environment that is not harmful to health or wellbeing, especially for children. Moments like this highlight that youth participation is not symbolic. It is dynamic. It's deliberate. And it is critical for achieving an inclusive just transition. A just transition must put youth as co-creators of the sustainable future. Our energy transition is both a national imperative and a strategic opportunity for youth empowerment. The convergence of youth unemployment, skills shortages, and infrastructure challenges makes it critical to invest in human capital development for sustainable energy systems. According to the Statistics South Africa 2024 Mid-year Population Estimates, 21 million young people account for 33.1% of the country's population, underscoring their significant role in shaping the nation's social and economic landscape. It is the youth who will inherit the long-term consequences of today's climate decisions. That is why it is essential that young people are present in decision-making spaces and equipped with the tools, information, and platforms necessary to meaningfully participate in building a resilient and just South Africa. Although there has been progress in including the youth in climate action discussions, their inclusion does not mean parity. The youth are often under-equipped when entering the webinars, the negotiations rooms, and the public dialogues where the language is technical and unfamiliar, yet it is about their future. Many ask: 'Do I know enough to speak here?' That is why we must start from the ground up- from school syllabuses to multidisciplinary curricula in law, public health, built environment and many other disciplines. Deliberate steps must be taken to dismantle the barriers that prevent young people from meaningfully engaging in climate action. This means investing in funding youth participation, access to information, peer-learning, international exchange to sharpen their prowess in decision-making Youth are both disproportionately affected by the negative impacts of the climate crisis and uniquely positioned to drive transformative solutions. However, limited access to technical education, practical experience, and entrepreneurial pathways hinders meaningful participation It is a welcome development that the Presidential Climate Commission (PCC) has established the Youth Leaders Caucus, rallying a diversity of young who offer perspectives across sectors on climate action and the just transition. While we appreciate the PCC's gesture and goodwill, we still need to be present in frontiers of climate action and the shaping of a new development paradigm in a future net-zero economy and society. If we are serious about climate action, all of society must move beyond superficial consultation, and embrace the procedural values underpinning our country's Just Transition Framework (JTF) through co-creation of climate action with and for the youth. Next year when we mark half a century of the 1976 generation, we must gather not to protest, but to celebrate increased youth participation in South Africa's just energy transition - otherwise like we did in 1974 against Afrikaans, we will lead the charge against the exclusive language of 'climate action' Ayakha Melithafa, Commissioner of the Presidential Youth Commission and Founder of Ayakha Melithafa Foundation Image: Supplied Ayakha Melithafa, Commissioner of the Presidential Youth Commission and Founder of Ayakha Melithafa Foundation *** The views expressed here do not necessarily represent those of Independent Media or IOL. BUSINESS REPORT
