Conditions are ripe for a South African sovereign wealth fund based on minerals

There are more than 40 sovereign wealth funds around the world, most funded by oil and gas but also by diamonds (Botswana) and some by non-commodities. Much of South Africa’s mining wealth was built on the back of migrant labour and, in the process, significantly underdeveloped our rural areas. Surely it is time for South Africa to consider a sovereign wealth fund – a mineral restoration fund?