First Take SA

DA slams government's proposed Transformation Fund


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The Democratic Alliance has slammed the government's proposed Transformation Fund, calling it a repackaged B-BBEE failure that enriches political elites while millions remain jobless. DA MP Toby Chance says the fund stifles investment and ignores real economic drivers like business growth and skills development. Instead, the DA proposes linking empowerment to UN Sustainable Development Goals, boosting entrepreneurship, cutting red tape, and growing exports, urging Minister Tau to scrap the plan entirely. For more on this Elvis Presslin spoke to Toby Chance, MP and DA Spokesperson on Trade, Industry & Competition

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