Finance and Economic Planning, Minister Patrick Chinamasa
ZIMBABWE must bite the bullet and completely wean off perennial loss-making parastatals to clean up the country’s balance sheet which is weighed down by a $12 billion debt, market experts have said.
Finance Minister Patrick Chinamasa last Friday said government is planning to sell shares in 35 State-owned firms, including telecommunications and mining entities, in the latest attempt to revive the economy. Chinamasa indicated that the trade-off would be done through strategic partners and floating shares on the local stock exchange.
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