South Africa's Draft Transformation Fund to Support Black-Owned Enterprises

The South African government has published the Draft Transformation Fund concept document, inviting public commentary from March 20, 2025, to May 7, 2025. The fund aims to aggregate R100 billion to enhance the economic participation and sustainability of black-owned enterprises, including small and medium enterprises and cooperatives. The initiative seeks to mobilize financial resources in line with the B-BBEE Act, promoting transformation and addressing inequality as outlined in the National Development Plan Vision 2030.