A Sovereign Wealth Fund for South Africa.

Sir, In his 2020 South African budget, the Minister of Finance, Dr Tito Mboweni has targeted R30bn to establish a Sovereign Wealth Fund (SWF). The fund is exclusively invested outside Norway, mainly to avoid overheating the Norwegian economy but also not to interfere with the state pension fund (Government Pension Fund Norway - GPFN). 2 Mbatha, A., 2020, Mining royalties, sale of spectrum will fund R30bn sovereign wealth fund - Mboweni, Fin24, 26 February. [Extracted from the article]