EFF moots Scandi-style state wealth fund, eyes petroleum sector

he said the EFF will be tabling in parliament, specifically aimed at bringing changes to the economic sector and in the face of what he called the ANC government's “directionlessness”.

Among the bills the EFF will draft are the SA Reserve Bank Amendment Bill, which he said will make sure that private ownership of the reserve bank is discontinued, joining 90% of central banks in the world. Shivambu said he will also table “a proper” Minerals and Petroleum Resources Development Act to put clear conditions on what should be the exposure of the state in terms of ownership of new petroleum and mineral projects.

The EFF, which has championed the debate on tax avoidance since its arrival in parliament in 2014, will also table an anti-tax avoidance bill that will deal with the question of base erosion and illicit financial flows.

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