The EFF, led by Julius Malema, wants to set up a R100bn sovereign wealth fund within the next year as a means of creating jobs and combating illicit financial flows, tax avoidance and base erosion. 

The fund would be established in partnership with “foreign direct investors”, through a special appropriations bill in the 2025/26 budget, according to the party’s election manifesto. The fund will mainly be capitalised through the allocation of key shares of SA’s mineral and petroleum resources. ..

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