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economic equity

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Business

South Africa’s Bold Economic Initiative: The Transformation Fund

by Hannah Kriel
March 31, 2025

South Africa has launched the exciting R100 billion Transformation Fund, which aims to help Black entrepreneurs, especially women, youth, and people with disabilities, thrive in the economy. Announced on March 19, 2025, this bold initiative hopes to reduce inequality and boost businesses in rural areas that often struggle for support. While many are hopeful, some worry it might get tangled in corruption, like past funds. The government promises strong oversight to ensure the money is used wisely and fairly. This fund represents a chance for change, aiming to create a brighter and more equal future for all South Africans.

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