Cabinet approves bills on parastatals’ reform

Business
BULAWAYO — Cabinet has approved two bills that provide the legal framework for the implementation of reforms and restructuring in troubled parastatals.

State Enterprises and Parastatals minister Gorden Moyo told The Standard that the State Enterprises and Parastatals Management Bill and the State Enterprises Restructuring Agency Bill were approved by a cabinet meeting in the capital on Tuesday.

 

Moyo will now work with the Attorney General’s Office to prepare draft bills for consideration by the cabinet committee on legislation. — By Nqobani Ndlovu