Abuja (AFP) - Nigeria on Sunday became Africa's biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country's gross domestic product.
Showing posts with label South Africa. Show all posts
Showing posts with label South Africa. Show all posts
Monday, April 7, 2014
Tuesday, February 15, 2011
South Africa Government Unlikely to Create Sovereign-Wealth Fund This Year
South Africa’s government is unlikely to create a sovereign-wealth fund this year, according to Richard Levin, director-general of the Department of Economic Development.
Proposals to establish the fund, which would be used to help manage foreign reserves and the value of the currency, are contained in the government’s new growth plan, unveiled by Economic Development Minister Ebrahim Patel on Nov. 23.
Proposals to establish the fund, which would be used to help manage foreign reserves and the value of the currency, are contained in the government’s new growth plan, unveiled by Economic Development Minister Ebrahim Patel on Nov. 23.
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