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Dreaming of a Sovereign Wealth Fund
President Cyril Ramaphosa announced during his State of the Nation address in February 2020 that South Africa intends to establish a Sovereign Wealth Fund. The immediate reaction has generally been very negative with most wondering how the country can possibly afford it and how it can avoid the long tendrils of corruption. We take a closer look at what a Sovereign Wealth Fund actually is and whether it makes sense for South Africa to consider it.
