Not yet time for sovereign wealth fund: South African president

CAPE TOWN, Aug. 29 (Xinhua) -- South African President Cyril Ramaphosa on Thursday said that while the government remains committed to building a sovereign wealth fund, now is not the most favorable time for its immediate establishment.

He made the remarks during an oral reply session at the National Assembly of Parliament in Cape Town, the legislative capital of South Africa. This was his first such session und