ABSTRACT: Despite the numerous false starts, sovereign wealth funds are particularly relevant to Southern Africa as resource-funded SWFs present a potentially viable strategy for the funding and implementation of a Basic Income Grant (BIG) at a SADC level. A BIG is best understood as an unconditional and universal cash transfer or grant available to all residents, thereby purposely avoiding means-testing with its implicit stigmatizing notion of ‘deserving’ poor.
Thabileng Mothabi, “Sovereign Wealth Fund: Key to SADC Basic Income Grant.” Studies in Poverty and Inequality Institute, March 7, 2014.