AITF is an initiative established in 2020 by seven leading South African automotive manufacturers, including BMW, Ford, Isuzu, Mercedes-Benz, Nissan, Toyota and Volkswagen. It aims to increase Black participation in the local auto sector, support job creation and strengthen economic inclusion. Backed by both the public and private sectors, the fund operates under a strict legal and governance framework and aligns with national empowerment codes. By working closely with original equipment manufacturers, AITF creates opportunities for Black entrepreneurs to supply vehicles and parts, promoting fair access and shared growth across the industry.
AITF provides funding through loans and equity for businesses at various stages, focusing on component manufacturers, logistics providers and service suppliers. Financial support is paired with non-financial services such as training, mentorship, market access and research and development. To date, the fund has invested nearly R600 million in more than 67 companies, with a goal to expand support over the next few years. Rotational participation from OEM executives ensures entrepreneurs gain direct insight into supply chains and production standards, while close ties to established manufacturers help new firms scale operations and secure key contracts.
Alongside traditional automotive investments, AITF has set aside R500 million for new energy vehicle infrastructure, including charging stations and related facilities. Collaborative projects with OEM partners have also explored battery technology and renewable energy solutions for manufacturing sites. While specific portfolio details are not published, the fund’s guidelines highlight clean energy and electrification as priority areas for future rounds. This focus aims to help South Africa’s auto sector adapt to global shifts in vehicle technology and support sustainable practices across the supply chain.
