| 09.02.2012 - S.Africa moots mining wealth fund to cap rand gains |
| South Africa's ruling ANC is considering starting a sovereign wealth fund from proceeds of a proposed new mining tax that could be used to intervene in the market to cap gains in the rand currency in times of a commodity boom. Such a move would be a departure from current policy under which the Reserve Bank does not actively intervene in the market to target a level for the rand's exchange rate...............................................Full Article: Source |