The Minister of Trade, Industry, and Competition, Mr. Parks Tau, states, "The Transformation Fund is not about imposing new obligations but about ensuring that existing commitments under the B-BBEE ...

Transformation fund for black businesses will get R20 billion a year over the next five years, says Ramaphosa.

The Democratic Alliance (DA) has condemned Minister Parks Tau’s unilateral announcement of a R100 billion Transformation Fund to exclusively support black businesses, labelling the move ...

South Africa is still discussing whether to set up a new fund to promote Black-owned businesses, and suggestions that new taxes will be imposed to capitalise it are unfounded, the nation’s trade and ...

Independent Online, popularly known as IOL, is one of South Africa’s leading news and information websites bringing millions of readers breaking news and updates on Politics, Current Affairs ...

Former Joburg mayor Parks Tau could ruin that by forcing businesses, including foreign companies, to pay an additional 3% tax towards a R100-billion “transformation fund” to help black ...

The government is cracking down on illegal online gambling in South Africa as the industry reaches record highs.

Ambassador Ebrahim Rasool said that he was neither panic-stricken nor complacent about the actions being taken by the US ...