The AITF was established as a collective Equity Equivalent Investment Programme (EEIP) as defined in the B-BBEE Codes between seven multinational automotive manufacturers in South Africa (“Founding OEMs”). It aims to facilitate transformation across the sector’s value chain through the provision of access to developmental funding, access to market and access to capacity development for qualifying black owned entities.
The AITF’s objectives are to support qualifying black owned entities, drive job creation, as well as enabling meaningful transformation and growth of the automotive sector across the value chain.