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

South Africa plans to establish sovereign wealth fund

Posted on 24 November 2010

From Bloomberg: South Africa’s government said it will establish a sovereign wealth fund to help manage the country’s foreign reserves and the value of the currency.
The proposal is contained in the government’s new economic growth strategy, which was released in Cape Town today and aims to create 5 million jobs over the next decade. A road outline of the plan, which was drafted by the Economic Development Ministry, was released on Oct. 26……………………………………….Full Article: Source

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