| 21.05.2013 - SA scraps sovereign wealth fund plans |
| South Africa has shelved plans to set up a sovereign wealth fund - which will manage the country's foreign reserves - due to declining metal prices. "The creation of a sovereign wealth fund is best timed with stable or rising commodity prices," Economic Development Minister Ebrahim Patel said in a written reply to a parliamentary question published on his ministry's website on Monday.......................................Full Article: Source |