Deputy President Paul Mashatile will on Monday participate in a strategic business breakfast focused on the Transformation Fund, a national initiative designed to accelerate economic transformation and expand support for black-owned and black-managed enterprises across South Africa.
The engagement will be hosted by the Minister of Trade, Industry and Competition, Parks Tau, at the historic Freedom Park Heritage Site and Museum in Pretoria. The session brings together government leaders, industry stakeholders and development financiers to unpack the fund’s objectives and opportunities.
Driving Inclusive Growth Through Empowerment
The Transformation Fund is positioned as a catalytic instrument for reshaping South Africa’s economic landscape. It aims to promote meaningful participation of black South Africans in the mainstream economy by offering both financial and non-financial support to black-owned enterprises.
Co-hosted with the National Empowerment Fund (NEF), the engagement will outline how the Fund supports:
- Increased access to funding for black-owned and controlled SMMEs
- Enterprise and Supplier Development (ESD) resource aggregation to strengthen business growth
- Sustainability and competitiveness of black-owned enterprises
- Mobilisation of private and public financial resources through B-BBEE legislation
According to a statement released by the Presidency on Sunday, the Fund is also intended to address structural barriers that limit black participation in key sectors, ensuring a more equitable and inclusive economy.
Strengthening Policy Through Public Participation
The business breakfast comes as government continues to refine the Transformation Fund’s structure and implementation framework. Just last month, Minister Tau extended the deadline for public comments on the Draft Transformation Fund Concept Document, signalling a commitment to broad consultation and stakeholder alignment.
The dialogue is expected to provide clarity on the next phase of the Fund’s rollout, giving businesses, policymakers and development institutions an opportunity to collaborate on practical mechanisms for economic transformation.
A Step Toward Shared Economic Prosperity
Monday’s engagement forms part of the broader national effort to stimulate inclusive growth, reduce inequality and ensure that black-owned enterprises—especially SMMEs—receive the resources needed to compete and succeed.
Deputy President Mashatile is expected to highlight the strategic role of the Transformation Fund in unlocking new opportunities, supporting enterprise development and driving South Africa’s transformation agenda.
