THE Privatisation Agency of Zimbabwe (Paz) which has been rendered redundant by government’s privatisation policy shift says it will go on a massive recruiting campaign.
The agency has now been tasked to commercialise and restructure loss-making parastatals after government dumped the privatisation policy last year.
The Minister of Industry andInternational Trade Samuel Mu-mbengegwi made the announcement.
The government has not privatised any parastatals during the last two years.
A massive staff exodus hit the privatisation agency after government announced its intention to put privatisation on hold.
It is reliably understood that Paz lost the entire public relations department which was led by Michael Humbani. It also lost key personnel in the economics department.
Paz director Andrew Bvumbe said the agency would recruit more personnel to boost its restructuring programme.
“My mandate is to restructure parastatals and that means I will need more staff to accomplish that mission,” Bvumbe said.
The agency was planning a strategic planning review workshop under which the issue of personnel would be discussed.
Bvumbe confirmed he would attend the meeting.
He could however not give exact details as to how many employees the agency would need for the new programme.
The mandate of the Paz was thrown into doubt last year when High Court Judge Justice Moses Chinhengo ruled that the agency was not a legal entity in its case against Ukubambana/Kubatana Investments.
On the cards for restructuring and commercialisation are the beleaguered National Railways of Zimbabwe, Zimbabwe Iron and Steel Company (Zisco) and Wankie Colliery Company Ltd.
The Industrial Development Corporation (IDC), led by Mike Ndudzo, is also set to be restructured.