Ramaphosa Says funds Are Available For Women

Written by on 7 October, 2022

By: Zilungile Mkhize

President Cyril Ramaphosa says the Automotive Industry Transformation Fund has committed to allocate 30 percent of overall spending to advancing gender transformation in the industry.

Ramaphosa was addressing the 2nd Women’s Economic Assembly in Pretoria.

This would total around 1.6-billion-rand over five years.

Ramaphosa says of the 13 transformation businesses supported by the fund this year, eight have been women-owned.

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