Transformation Fund launched to bolster Black businesses

By Simon Nare

Deputy President Paul Mashatile has proposed the establishment of war rooms to tackle job creation, poverty and clean governance as part of the government’s efforts to deliver to the masses.

In his keynote address at the launch of the Transformation Fund, Mashatile said government and the private sector would have to be represented in administering the fund, but the war rooms would be key in making sure it achieved its priorities.

“I am therefore proposing that three war rooms in accordance with the three objectives of the MTDP (Medium-Term Development Plan), as decided by the Cabinet be established. These will include a war room on the economy and jobs, a war room on poverty and hunger, a war room on clean governance prioritising 10-15 day payment cycles and transformative procurement, and most critically, a war room on economy and jobs,” he said.

The deputy president said the