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Sovereign Wealth Funds Briefing - Categorized | Market

South Africa: Beneficiation benefits

Posted on 09 March 2012

One of the highlights is a proposal to use tax policy to ensure that a greater share of the ‘resource rents’ are extracted for the benefit of society, including deploying some of these rents, through a sovereign wealth fund, to invest in long-term projects.
Also discussed is the building of a State mining company, or companies, to develop ‘strategic minerals’; improving government coordination, possibly through a ‘super Ministry’, to enhance backward and forward linkages in the way mineral assets are managed; having public tenders or auctions for all known mineral deposits;……………………………………….Full Article: Source


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