The R165 million Godisa Fund has been launched with the aim of boosting black owned business in supplying goods and services to Transnet.

Brian Molefe, Transnet group chief executive, says, “Godisa, which in Setswana means to nurture or grow, will offer loans and capital for the development of black-owned Transnet suppliers in the manufacturing and service sectors.”

The fund is a collaboration between Anglo American’s enterprise development arm Zimele, Transnet and the Small Enterprise Finance Agency (SEFA).

Each of the three entities have contributed R55 million towards the Fund that aims to nurture black owned suppliers so as to facilitate sustainable socio-economic transformation and development.

Over the next ten years, R150 million will be used for investment financing, while the remaining R15 million will be used for support services such as mentoring.