October 3, 2018 / 9:30 AM / 4 months ago

South Africa mulls SOV, should not harm mining sector: minister

JOHANNESBURG (Reuters) - South Africa’s mines minister said on Wednesday the government was considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry.

“Normally it is funded from the primary extractive sector but we must find a way of doing it without hurting the sector,” Minerals Resources Minister Gwede Mantashe told journalists on the sidelines of the Joburg Indaba mining conference.

Reporting by Tanisha Heiberg; Editing by Ed Stoddard

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