President Cyril Ramaphosa’s announcement of the establishment of a sovereign wealth fund has sparked a lot of debate among economists.
The President gave no detail whatsoever and that has left many wondering where the money is going to come from. But what exactly is a sovereign wealth fund?
According to the World Economic Forum, Sovereign Wealth Fund (SWF) is a mechanism through which countries make investments. A pot of money often derived from oil or other commodities that are then invested in shares, bonds, property or other areas of potential growth.
For more information on the Sovereign Wealth Fund (SWF) click below: