South Africa's department of planning, monitoring and evaluation says it needs about 34 million US dollars as seed funding for establishing an asset management company that will have control of the country's strategic state owned enterprises.  The company which will be under the direct control of the president is meant to professionalise SOE's and help them become profitable. So far this has not gone down well with the public and parliamentarians having more questions than answers. Dimakatso Leshoro has the details

<p>South Africa's department of planning, monitoring and evaluation says it needs about 34 million US dollars as seed funding for establishing an asset management company that will have control of the country's strategic state owned enterprises.&nbsp;&nbsp;The company which will be under the direct control of the president is meant to professionalise SOE's and help them become profitable. So far this has not gone down well with the public and parliamentarians having more questions than answers. Dimakatso Leshoro has the details</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>