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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

ANC proposes wealth fund, resource-rent tax

Posted on 06 March 2012

South Africa’s ruling African National Congress is studying proposals to impose a resource-rent tax on mining operations, reduce royalties and gear policies toward creating jobs.
The ANC unveiled eight draft policy documents aimed at tackling one of the highest levels of income inequality and reducing a 24 percent unemployment rate that will be discussed at party conferences in June and December………………………………………..Full Article: Source


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