PETER BRUCE: Surprise, surprise Shivambu shows his sensible side
In a significant shift in the EFF’s approach to economic policy, its deputy leader has been punting the creation of a Sovereign Wealth Fund
Floyd Shivambu, the deputy leader of the Economic Freedom Fighters, is not normally the guy you turn to in the EFF for economic debate or conversation. Built like a bouncer, he has a reputation to match and recently almost assaulted a journalist outside parliament. Quite a scary guy. But in the past week he has shown a different side and in what may mark a significant shift in the EFF’s approach to economic policy he has been punting the creation of a Sovereign Wealth Fund for SA which is not only an eminently sensible idea but one which, if he refines it a little, may find doors opening to the EFF all over the place. It isn’t a new idea. The first iteration of Ebrahim Patel’s New Growth Path suggested one and the ANC has also played with the idea. But Shivambu is the first politician of consequence to try to put meat on the bones of the idea. He wrote a long paper for the Daily Maverick digital publication last week and yesterday the Sunday Times carried a tighter version of it. So...
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