MINING WEEKLY, EDITORIAL INSIGHT Sovereign fund and nationalisation, Moatize coal reaches Beira port, gold could hit S2 000/oz this year
MINING WEEKLY Page 5
EDITORIAL INSIGHT Sovereign fund and nationalisation, Moatize coal reaches Beira port, gold could hit S2 000/oz this year COAL OF AFRICA CHAIRPERSON AND MINMG ENTREPRENEUR Richard Linnell says on page 23 of this edition of Mining Weekly, that South Africa should look at alternatives to nationalisation, or ways to satisfy the needs of nationalisation, such as the creation of a sovereign wealth fund, which he sees as an even better suggestion than black economic empowerment (BEE), which has only benefited a select few. He envisages that surplus capital in the Public Investment Corporation, the National Empowerment Fund and the National Lotteries Board could finance a sovereign wealth fund that would provide a broad-based form of BEE.
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