Intelligent CIO Africa Issue 97 | Page 30

TALKING business

TALKING business

TALKING

‘‘ business

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Will South Africa ’ s Transformation Fund become highway to growth ?

South Africa ’ s economy remains skewed , with wealth and opportunity concentrated among a relative minority . This Transformation Fund could serve as a tool to redress imbalance by prioritising SMMEs and community-level enterprises . This would create opportunities for a wider segment of the population , stimulate job creation , domestic production , foster social cohesion and political stability , explains Shaun Smit at Transcend Capital .
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