{"id":"GSX:IND-006:A03","local_id":"A03","name":"Separate institutions","statement":"The industrial holding company and the savings fund are different balance sheets. The fund is diversified away from South African minerals, the rand and the domestic business cycle.","value":"qualitative","unit":"not a scalar","type":"model assumption","provenance":"Manuscript findings","evidence_strength":"institutional design","sensitivity":"high","alternatives":["Using the fund to finance the holding company"],"href":"https://greyscienx.com/research/strategic-industrialisation/the-mineral-sovereign-wealth-fund/assumptions/A03"}