adminAn official from the Ministry of State Enterprises and Parastatals who preferred not to be named said one of their partners who were mobilising resources for the event faced constraints in mobilising resource for the intended event.
As a result, the awards ceremony has been postponed to the first quarter of next year.
“One of our partners who was helping us pulled out hence we were forced to postpone the event,” said the official.
The awards ceremony was meant to honour outstanding public entities that showed commitment towards adhering to good corporate governance as well as striving to improve operational efficiency.
“We had already engaged an independent body to help us select the winners.”
The official however said nothing had changed in terms of planning except the dates.
The idea of introducing such a competition was meant to promote efficient running of parastatals resulting in improved service delivery.
The challenges facing many parastatals is gross mismanagement resulting in them making losses year in and year out.
Prior to 2009, Government noted that most State entities were operating outside the laws governing them, hence the adoption of a national corporate governance framework.
It is hoped that through good corporate governance, parastatals can contribute at least 40 percent to the Gross Domestic Product.
State Enterprises and Parastatals Minister Gorden Moyo could not be reached for comment yesterday.
Online Reporter