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After all we’ve heard from the Zondo commission, is mineral resources minister Gwede Mantashe serious about setting up a sovereign wealth fund? On March 13 I was scrolling through the Business Day newsfeed. The articles were (in this exact order) “Can the NPA be revived?” and “An apolitical NPA needed”, “Failure to indict Jacob Zuma violated justice”, “The tragedy of the Zuma years” and “Tainted cadres on ANC list”. These disheartening gems were the first five articles. A tiny bit further down was an article reporting that Mantashe had proposed setting up a sovereign wealth fund with the revenue from the gas find off the SA coast. In the National Assembly he said that such a fund would “ensure the benefits of the discovery are preserved for future generations” and “help grow the economy”. He added that it “provides SA with a rare opportunity”. The only response to this idea can be: Gwede, are you serious? As the preceding articles on the page demonstrate, our political hierarchy has...

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