While defending the controversial launch of a R100-billion Transformation Fund, Trade, Industry and Competition Deputy Minister Zuko Godlimpi has also urged lawmakers not to view the proposed instrument as a “silver bullet” for all the prevailing problems associated with the implemention of broad-based black economic empowerment (BBBEE) policies. Much of the criticism of the fund has hitherto centred on the potential for creating a new avenue for corruption by establishing a State-led fund, as well as whether an aggregated fund would prove more effective than the individual efforts of private companies seeking BBBEE credit for their enterprise supplier development (ESD) investments.
INDUSTRY NEWS
- Global energy investment to reach record $3.3tr this yearJune 5, 2025 - 12:04 pm
- Gas users call for fiscal guarantees to advance gas-cliff avoidance projects to …June 4, 2025 - 5:04 pm
- African economies need to spend one-third of their GDPs by 2030 to meet renewable energy SDGs, …June 4, 2025 - 3:04 pm
WHERE TO FIND US
Address
9 Yellow Street
Botshabelo Industrial Area
Botshabelo, Free State
Call / Email Us
Tel: +27 (0) 61 956 6772
Email: info@transfix.co.za