Small business owners used the launch of the Transformation Fund to challenge the government to explain its unmet promises over getting rid of red tape so that they can access services and receive support.
The fund, which was launched to drive inclusive economic growth and reduce inequality, aims to support Black-owned SMEs, especially those led by women, youth and persons living with disabilities.
However, those in attendance shared that the distance between funding policy and practical impact remained wide.
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Deputy President Paul Mashatile, who delivered the keynote address at the Transformation Fund dialogue, highlighted the vital role of small businesses in driving South Africa’s economic recovery.
He said that true transformation could not be achieved without deliberately including those historically excluded from economic participation.
“We cannot speak of transformation without including those at the margins,” Mashatile said. “SMEs are the lifeblood of our economy, and our commitment is to ensure they are not just surviving, but thriving.”
Despite the strong political message, many entrepreneurs expressed frustration.
Among them was Siyandiswa Mbatha, a township-based manufacturer of eco-friendly cleaning products.
“We hear these speeches year after year. But on the ground, the red tape is choking us. I have been waiting nine months for a funding application response. Meanwhile, my business is barely holding on.”
Stalls set up at the venue reflected a vibrant range of SMME offerings, including artisanal foods, tech solutions and hand-crafted clothing. However, exhibitors echoed the same concern, saying support often stopped at exposure.
“We are invited to events like this to showcase, but what happens after today?” asked Thandi Mokoena, founder of a rural agri-business employing 10 women.
“We need ongoing mentorship, real access to supply chains and funding that understands our realities, not just tick-box criteria. There are incredible ideas in our villages and townships,” said Lesedi Maphoto, a young tech entrepreneur from Limpopo.
“But if we have to travel to Pretoria or Johannesburg every time to be heard or apply, then this isn’t truly inclusive. Take the fund to the people, do not make them chase it.”
Mashatile acknowledged the feedback and pledged that the government would improve.
“We must not only listen, we must act. Transformation without tangible impact is meaningless,” he said.
