09.02.2012 - S.Africa: Sovereign wealth fund proposed
With nationalisation receding as a policy option for the ruling African National Congress (ANC) as it heads to its policy conference in June, the party is now investigating the introduction of a sovereign wealth fund that would allow SA to invest in projects meant to secure economic prosperity even once mineral resources are depleted. If created, the fund would give the state a share in the mineral wealth of SA, Ian Cruickshanks, head of treasury strategic research at Nedbank , said...............................................Full Article: Source
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