05-05-2025
Mashatile welcome's private sector's commitment to help raise R100bn for Transformation Fund
JOHANNESBURG - Deputy President Paul Mashatile has expressed gratitude to the private sector for committing to help raise R100 billion for the Transformation proposed fund, which is currently open for public consultation, aims to support black-owned businesses and promote broader black participation in the economy.
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 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.
