Minister Parks Tau Extends the Deadline for Comments on Draft Transformation Fund to 28 May
dtic Minister Parks Tau extends public comment deadline on the Draft Transformation Fund to 28 May 2025, citing strong interest.
The Minister of Trade, Industry and Competition (the dtic), Mr Parks Tau, has extended the deadline for public comments on the Draft Transformation Fund Concept Document until 28 May 2025, from the original date of 7 May 2025.
The extension by 15 days is informed by a need to give members of the public more time to comment given the importance of the fund that has received a huge public interest. It will also give time to organisations and various structures to consult their members to provide inputs, views and comments that will strengthen the concept.
According to the Minister, the aim of the fund is to aggregate especially Enterprise and Supplier Development (ESD) funds in support of transformation and the participation of and sustainability of black-owned enterprises in the economy.
“This provides an opportunity for the 7th Administration, working with the private sector to increase the effective economic participation of black-owned and managed enterprises, including small, medium and micro enterprises and co-operatives and enhance their access to financial and non-financial support in line with the requirement of the B-BBEE Act” says Tau.
– Mr Parks Tau, Minister of Trade, Industry and Competition (the dtic), South Africa
