20 February 2023
Women empowerment
Since announcing its determination to direct at least 40% of public procurement to women-owned businesses, government has sought to establish an enabling environment to support women entrepreneurs. It has trained more than 3 400 women-owned enterprises to prepare them to take up procurement opportunities.
Through the Women’s Economic Assembly, government has seen industry associations and companies committing to industry-wide gender transformation targets. The Industrial Development Corporation has earmarked approximately R9 billion to invest in women-led businesses.
Other entities, including the Public Investment Corporation and the National Empowerment Fund, have also committed to establish special purpose vehicles to support women-owned businesses.
