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Plan to give black businesses in South Africa R55 million a day under fire | SA News

Malcolm Libera
 ·4 Feb 2026

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The government’s plan to channel R100 billion into black-owned businesses through a Transformation Fund has come under fire, with critics warning that it risks becoming another poorly governed, corruption-prone initiative with limited real economic impact.

On 19 March 2025, Minister of Trade, Industry and Competition Parks Tau published the Draft Transformation Fund concept document for public comment.

The proposal outlines a fund capitalised at R100 billion over five…

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