The Mineral Sovereign Wealth Fund

C02

The adverse case withdraws earlier, draws a larger share and earns only 1.5 percent real. The manuscript says that path ends the century with almost nothing.

GSX:IND-006:C02 · Modelled · Conditional · high sensitivity · Version 1.0

Depends on

A02Central withdrawal ruleWithdrawals wait 15 years and then equal 3 percent of the trailing five-year fund value.high sensitivity

A03Separate institutionsThe 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.high sensitivity

Modelled results cited

R02Central withdrawal pathThe central annual budget transfer rises from about R6 billion when withdrawals begin to R16 billion in 2060 and R43 billion in 2125.modelled

Registered supporting sources

The Mineral Sovereign Wealth Fund · GSX:IND-006:PDF