The Department of Trade, Industry and Competition (the DTIC) has published a draft Transformation Fund Concept Document for public comment. As a collective of industry professionals and business leaders committed to advancing economic empowerment, ABSIP invites its members to contribute their insights to help shape this critical national initiative.
Overview of the Draft Transformation Fund
The proposed Transformation Fund is a landmark initiative aimed at unlocking access to finance and accelerating the inclusion of black-owned enterprises in South Africa’s mainstream economy. The Fund is envisioned as a R100 billion aggregated financing mechanism over five years (R20 billion per annum), with blended finance and strong public-private partnerships at its core.
We encourage you to review the draft and submit your comments to ensure the Fund is effectively structured to deliver meaningful and sustainable transformation.
The new deadline for submissions is 21 May 2025.
VIEW FULL GALLERY of the engagement event held on 24 April 2025: