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President Ramaphosa has announced the establishment of a new centralised ownership model for SOEs in the form of a holding company for all SOE's following the dissolving of the department of public enterprises in the 7th administration.
Ramaphosa says he intends for this to be the springboard through which a Sovereign Wealth Fund will be established, by funneling the profits of well performing SOEs towards capitalising the intended Sovereign Wealth Fund.
Political Economist, Prof Patrick Bond joins me to unpack this further
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