SA should immediately start the process of setting up a sovereign wealth fund to get ready for future revenue streams, a top state official said, one of the key policy goals under President Cyril Ramaphosa designed to absorb economic shocks.

It will be a while before SA is in a position to pump money into such a fund as it struggles with dangerously high government borrowing and a widening budget deficit, leaving Treasury with little spare cash or room to borrow to help mount defences for future economic hardships.

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