Sovereign Wealth Fund

Minerals Minister Gwede Mantashe says the country faces challenges in developing an effective system for exploration and mining licences

The fund, announced by President Cyril Ramaphosa in 2020, may have helped protect the fiscus from a long-term debt crisis

The zero greenhouse gas goals are a mainstream expectation for all large institutional investors

Pensions aren’t threatened, Eskom will be saved and it’ll boost growth and a low-carbon economy

Although the idea of a sovereign wealth fund to develop our country is a nice one in principle, it may not be the best idea we have had.

Mantashe said the idea was raised in the ruling party circles in the late stages of the drafting of the Mining Charter

The IMF is worried that aspects of the alluring sovereign wealth pool are not clearly outlined.

Angola’s sovereign wealth fund, chaired by the president’s son Filomeno dos Santos, has denied spending R3-billion on a London office block.

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.

Angola, Africa’s second-largest oil producer, has become the latest country on the continent to launch a sovereign wealth fund.