SACP welcomes plan to set up sovereign wealth fund
The party wants the fund to hold equity stakes in companies on behalf of the nation, rather than individuals doing so as a result of BEE
14 February 2020 - 16:27
The SACP has welcomed the announcement by President Cyril Ramaphosa in his Thursday state of the nation address (Sona) that a sovereign wealth fund will be created.
The idea was first proposed by the party, which believes it can hold equity stakes in companies on behalf of the nation, rather than individuals doing so as a result of BEE...
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