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Sovereign Wealth Funds Briefing - Categorized | Market

Zimbabwe: Will the sovereign wealth fund do the trick?

Posted on 28 November 2013

The SWF is said to be a key success factor in Zim-Asset, the new medium-term economic blueprint.A SWF is a state-owned investment fund. In our case, it will be financed by 25 per cent of royalties payable from mining duties and fees; 25 per cent by special dividend on the sales of diamonds, gas, granite and other minerals, and profits and proceeds from strategic investments.
The fund is also envisaged to invest in gold bullion, precious minerals and other precious metals as well as foreign assets. SWFs are created by resource-rich nations to diversify the total revenue base and accumulate savings for future generations………………………………………..Full Article: Source


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