HILARY JOFFE: Doubts linger over Tau’s planned R100bn Transformation Fund
It is unclear what problem the fund is meant to solve, and how this much money will be raised and safeguarded
Trade, industry & competition minister Parks Tau pitched his planned R100bn Transformation Fund this week to a group of journalists, whose pointed questions made it clear they were sceptical at best. He seemed keen to soothe the concerns of the private sector, with which he hopes to partner on the fund.
His answers sought to reassure that it isn’t some sort of land grab, designed to pull black empowerment money the private sector is already spending into the hands of the public sector. But they left more questions than before about what problem the fund is meant to solve, and how this much money will be raised — and safeguarded...
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