The department of trade & industry is considering merging entities that fall under it such as funding institutions the Industrial Development Corporation (IDC) and the National Empowerment Fund (NEF) to address underperformance and cut costs.

The department and its entities — which also include the National Credit Regulator, the National Empowerment Fund  and the National Lotteries Commission — is tasked with driving economic transformation, applying competition policy and protecting consumers, workers and enterprises.

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