| Many countries have set up government-owned sovereign wealth funds to accelerate their investment potential, but such a move is unlikely to be a silver bullet for South Africa’s own growth ills.
These funds are state investment vehicles that hold and manage or administer large pools of public funds. But for such funds to be effective, money must come from somewhere, and South Africa does not stand out as a powerful candidate due to its trade and fiscal deficits, lack of privatisation and slow resource exports...............................................Full Article: Source |