Parastatal reforms begin
◆ technical road construction activities,” said Minister Chinamasa.
“The Ministry is challenged to ensure that there is improved transparency and accountability in the operation of Zinara.”
Kingstons Pvt Limited is expected to dispose of its assets, but retain its two radio licences.
Entities earmarked for dissolution are National Glass Industries and Motira, while Zimglass is expected to urgently identify a strategic partner given a worldwide movement to replace plastics with glass.
“Cold Storage Commission should finalise consideration of joint venture proposals by the Swiss and United Kingdom investors by April 30, 2018,” said Minister Chinamasa.
He said the Grain Marketing Board was expected to complete work on delinking strategic grain reserves and its commercial operations, but that the parastatal would continue to manage strategic grain reserves as Government would bear the costs of storage.
The National Railways of Zimbabwe’s recapitalisation programme will proceed. The Agriculture and Rural Development Authority will also continue on its current search for identify strategic partners.
The Civil Aviation Authority of Zimbabwe will be unbundled to have a regulatory entity and airports authority.
Other entities tasked to identify strategic partners include Allied Timbers and Agribank, while the Small and Medium Enterprises Development Corporation will be merged with the Empowerment Bank to form the Empowerment and Development Bank that will have a unit focusing on SMEs and youth development programmes.
The Forestry Commission will remain as a regulatory authority, while efforts to resuscitate Ziscosteel will continue.
Parastatals set for privatisation include National Handicrafts Centre and Ginhole Investments.
On Allied Insurance and Surface Investment and Zimbabwe Grain Bag, the Industrial Developnment Corporation is set to retain at least 10 percent in the national interest.
Parastatals set for partial privatisation or listing on the Zimbabwe Stock Exchange include National Handling Services, Petrotrade, Zimpost, Post Office Savings Bank, Zimbabwe Mining Development Corporation, Infrastructure Development Bank of Zimbabwe, Road Motor Services, TelOne, NetOne, Telecel and Zupco.
Others are Willowvale Motor Industries, Chemplex, Deven Engineering and G & W Minerals.
Powertel, Zarnet and Africom are set to merge.
“Detailed implementation modalities for each of the Cabinet decisions will be provided in the form of a Memorandum to Cabinet by each respective line Ministry, including indications where relevant or necessary, for the engagement of technical, financial or legal advisors in order to facilitate the reform or restructuring process agreed by Cabinet,” said Minister Chinamasa.