Published: 03 May 2018

ABOUT 70 percent of State-owned companies have missed deadlines to submit operational reviews and other self-assessment plans because of bureaucracy and inefficiency, thus defying President Emmerson Mnangagwa's order on key reforms across government, officials say.

The development also comes as the Harare administration has issued a sell-off plan for a number of loss-making firms and even drawn guidelines on how parastatal bosses are supposed to be remunerated, and conduct themselves under the recently-approved Public Entities Corporate Governance Bill.

Stuart Comberbach, the corporate governance secretary in Mnangagwa's office, told an Institute of Internal Auditors meeting held in the capital that - out of 109 public entities - only 30 had submitted their internal review papers or discussion documents and this translates into a 28 percent return.
- fingaz

You might also want to read this

• Mnangagwa stuffs cabinet with family, loyalists
• Mnangagwa okays US dollar use
• Mnangagwa pledges to end machete wars
• Civil servants warn Mnangagwa, govt
• Mnangagwa woos Gamatox, G40 big guns
• Anti-sanctions march a wake-up call for Mnangagwa
• Mnangagwa accuses the clerics of being biased towards Chamisa
• Mnangagwa must call for referendum
• The future is tech, Mnangagwa
• Mnangagwa targets 'troublesome' doctors