Source: Government firms ‘defy’ ED | The Financial Gazette May 3, 2018
President Emmerson Mnangagwa
ABOUT 70 percent of State-owned companies have missed deadlines to submit operational reviews and other self-assessment plans because of bureaucracy and inefficiency, thus defying President Emmerson Mnangagwa’s order on key reforms across government, officials say.
The development also comes as the Harare administration has issued a sell-off plan for a number of loss-making firms and even drawn guidelines on how parastatal bosses are supposed to be remunerated, and conduct themselves under the recently-approved Public Entities Corporate Governance Bill.
Stuart Comberbach, the corporate governance secretary in Mnangagwa’s office, told an Institute of Internal Auditors meeting held in the capital that — out of 109 public entities — only 30 had submitted their internal review papers or discussion documents and this translates into a 28 percent return.
COMMENTS