| From Businessday.co.za: A proposal for an African Development Fund — to channel some of SA’s capital inflows into the rest of the continent — is one of the few suggestions in the growth plan wholeheartedly welcomed by economists. It could also "function as a sovereign wealth fund that invests in accumulated foreign reserves in productive projects with a higher yield than investment in developed-country bonds."
The suggestion of establishing an institution that would invest those inflows into Africa was also seen as one of the few proposals that was entirely new in the document released yesterday..............................................Full Article: Source
|