| Finance Minister Patrick Chinamasa last week announced the appointment of a board for the Sovereign Wealth Fund (SWF), managed by the National Indigenisation and Economic Empowerment Board (NIEEB) which is currently subject of a Parliamentary enquiry on how it handled several indigenisation deals.
NIEEB, established through the Indigenisation and Economic Empowerment Act enacted in April 2008, is a statutory body that should be funded through fiscal support. Besides the SWF, NIEEB also manages the National Indigenisation and Economic Empowerment Fund (NIEEF), which was reported to be bankrupt about three years ago despite having "a wide array of shares"...............................................Full Article: Source
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