Transformation Fund Introduces New Empowerment Codes for Transport Sector – The Mail & Guardian

Transformation fund introduces new empowerment codes for transport sector – The Mail & Guardian

Minister of Trade, Industry and Competition (the Dtic) Parks Tau said on Friday that the R100 billion transformation fund will set aside resources for black-owned businesses operating within the transport sector. “Too many businesses remain on the margins. We must double down on efforts where transformation has stalled. Enforcing existing codes will lead to deeper integration of the sector,” Tau said. Small, medium and micro enterprises (SMMEs) …

Transport Minister Creecy pushes for better B-BBEE outcomes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Transport Minister Barbara Creecy has welcomed efforts to consolidate existing support for better Broad-Based Black Economic Empowerment (B-BBEE) outcomes. Creecy was speaking at the transport sector engagement session hosted by the Trade, Industry and Competition Department on the proposed transformation fund. The initiative aims to support Black-owned businesses across various sectors and is supported by the Integrated Transport Sector B-BBEE …

Transport sector set ambitious empowerment targets

By Thebe Mabanga The transport sector has committed itself to higher empowerment targets than those set by the Department of Trade Industry and Competition and at the same time expressed its support for the department’s newly formed R100 billion Transformation Fund. This emerged at a sector transformation engagement session held in Johannesburg that was attended by Trade and Industry Minister Parks Tau and his transport counterpart Barbara Creec…