# Newly appointed Trade, Industry and Competition director-general, Simphiwe Hamilton, says they are acutely aware of the potential for corruption in the proposed 100-billion-rand Transformation Fund. The government believes the fund will help improve the effectiveness of broad-based black economic empowerment spending. Hamilton says the structuring around the fund will mitigate against any possibility of malfeasance. He adds that besides reporting to the BBBEE Commission, the Transformation Fund would also undertake to make regular reports to Parliament to improve transparency.
Government to put guardrails to ensure no corruption in the Transformation Fund