
South Africa's proposed Transformation Fund could give companies an alternative way to meet black economic empowerment requirements, according to Moneyweb. Efficient Group chief economist Dawie Roodt described the fund as an opportunity for businesses to effectively buy their BEE compliance, saying he strongly supports the initiative and expects most companies to eventually migrate to it. The comments suggest the fund could serve as an escape route from traditional BEE ownership and empowerment structures for South African businesses.
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