South Africa: SA Sovereign Wealth Fund May Draw On Spectrum Proceeds, State Bank in Play

analysis

The sovereign wealth fund floated by President Cyril Ramaphosa in his State of the Nation Address may be funded from some unusual sources. And the state bank is very much in play.

As expected, National Treasury provided some details on the proposed sovereign wealth fund and state bank in the 2020/21 Budget review unveiled on Wednesday, 26 February.

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