REVENUE STREAMS
SA should take immediate steps to set up sovereign fund, urges Ebrahim Patel
SA is not in a position to pump money into such a fund yet, but 'needs to start somewhere'
01 July 2019 - 05:10
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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