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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, People

Angolan fund to focus on infrastructure

Posted on 14 March 2013

José Filomeno de Sousa dos Santos, the son of Angola’s President José Eduardo dos Santos, has just swept in and out of South Africa to market the country’s new $5 billion (R45bn) sovereign wealth fund, as well as to talk to fund managers and investors here.
Interviewed at the Mount Nelson Hotel, while he attended a conference of African countries that also have sovereign wealth funds, he was asked whether South Africa should follow the Angolan example. He replied that it was created to promote growth and improve socio-economic conditions in his country, but “South Africa is advanced in terms of industrialisation”…………………………………Full Article: Source


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