97 parastatals pay govt measly dividend of $1.7m

97 parastatals pay govt measly dividend of $1.7m
Published: 15 September 2017
Shocking revelations were made this week before Parliament by State Enterprises Restructuring Agency (SERA) executive director Edgar Nyoni that only two State enterprises and parastatals (SEPs) paid dividends to government in 2014, a measly $1,7 million.

Nyoni also told chairpersons of Parliamentary Portfolio Committees and senior officers from the Office of the President and Cabinet that 84 out of the 97 SEPs reported their results for 2011 to 2014.

He said SEPs had been draining the fiscus through seeking government financial bailouts through Treasury Bills, yet some of them were commercial entities that should be paying dividends to the shareholder.
- newsday
Tags: Parastatals,


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