# AfriForum has submitted a formal objection to the Department of Trade, Industry and Competition’s proposed 100-billion-rand Transformation Fund. The group criticised its race-based criteria and funding model. Spokesperson Ernst van Zyl argues that the plan, which requires businesses to contribute three-percent of net profit after tax promotes racial exclusion and risks corruption. AfriForum has launched a petition opposing the fund’s implementation:
AfriForum objects to proposed R100-billion Transformation Fund [SOUND]
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