Government To Implement Parastatal Reforms: Mthuli Ncube

5 years agoThu, 22 Nov 2018 14:42:07 GMT
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Government To Implement Parastatal Reforms: Mthuli Ncube

The Minister of Finance says that the government will go ahead with implementing parastatal reforms, with five of them set for privatisation in 2019. Presenting the 2019 budget in Parliament today, Minister Ncube had this to say

Government is going ahead to implement the long-delayed parastatal reforms as these institutions ought to play a key role in transforming the economy, among the several drivers we need to embrace. Mr Speaker Sir, following consultations, I place it on record that we are forging ahead with rolling out our parastatal reforms on a rollout template which categorises the entities under the following:
• State-Owned Enterprises to be partially privatised through
JVs and/or listing;
• State-Owned Enterprises to be fully privatised; and
• State Owned Enterprises facing liquidation.

The 2019 Budget proposes the privatisation of at least 5 public enterprises, namely Tel-One/Net-One/Telecel, ZIMPOST andPOSB. The 2019 Budget assumes proceeds of at least US$350
million being raised from privatisation.



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