Why Recent Slump in Commodity Prices Strengthens the Case for African SWF

Presentation by Mr Malan Rietveld, Director Investec Investment Institute

At the MEFMI Region Central Bank Governors’ Forum

The recent slump in commodity prices does not undermine the case for African sovereign wealth funds. Rather, it strengthens it by underlining the importance of having the right institutions in place for good and bad times. The uncertainty around commodity prices provides a timely warning of exactly why sovereign wealth funds are needed: resource revenues are volatile and unpredictable, requiring institutions and policies that promote stability and long-term thinking. Click here for the full presentation