adminHuge debt overhang and dilapidated infrastructure are some of the challenges that have crippled public entities preventing them from fulfilling their mandate.
State Enterprises Restructuring Agency (SERA) executive director Mr Edgar Nyoni said when operating efficiently, parastatals could contribute significantly to economic transformation.
“SEPs play a critical role in spearheading the country’s socio-economic development, which ultimately results in improved general welfare of all citizens,” he said.
Mr Nyoni said the Government had a strategic vision and focus to accord SEPs a macro-responsibility as enablers and significant players in the various sectors of the economy.
“This has led to the profound presence of parastatals in almost every sector of the economy ranging from telecommunications, energy and power, agriculture, manufacturing, mining and transport,” he said.
Mr Nyoni said restructuring state enterprises would attract investment, which would resuscitate the sector.
“It is part of Government’s on-going economic transformation programme being undertaken through the Medium Term Plan (MTP) 2011-2015.
“Under the MTP restructuring of SEPs is prioritised as a national goal that anchors many of the deliverables expected in the blueprint,” he said.
SERA has launched the SEPs Restructuring Procedures Manual.
The manual, hinged on international best practices, is a working document that will enhance transparency, accountability and credibility in the restructuring process.
Zimbabwe has 78 State enterprises. — New Ziana.
Online Reporter