13.02.2012 - S.Africa: Mining study backs ‘windfall fund’ plan
A new study commissioned by the Mining Industry Association of Southern Africa on nationalisation backs the creation of a sovereign wealth fund for windfall profits, a notion also endorsed by the African National Congress’s (ANC’s) research document on state participation in the sector. However, the study, which is not formally being endorsed by the association, differs in many ways from the ANC document. The study, released yesterday on the fringe of the Mining Indaba, warned that direct state involvement in the mining industry was fraught with dangers...............................................Full Article: Source
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