Build One South Africa (Bosa) said it welcomed the R500 million initiative aimed at empowering township economies, but raised questions about accountability, transparency, and the risk of mismanagement and the money disappearing.
Build One South Africa is demanding accountability for the R500 million fund which is aimed at helping and improving businesses across townships.
According to Ramaphosa the fund will support township and rural businesses, including community convenience shops. “We are today calling for the Minister of Trade, Industry and Competition, and the Minister of Small Business Development, , to appear before Parliament's Standing Committee on Appropriations to explain where this money is coming from, and how it will be spent,” the party’s acting spokesperson Roger Solomons said.“This cannot be another slush fund for politically connected individuals or a vehicle for corruption,” Solomon’s said.
Solomons said key questions that the ministers must address include who will manage the fund and will it be administered by an independent body or government departments. He has called for the establishment of a multi-stakeholder oversight committee, including representatives from civil society, business, and independent auditors, to ensure proper management of the fund.
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