Daily Archives: April 18, 2018

PARLIAMENTARY COMMITTEE ON PARASTATAL BODIES TO ENFORCE SANCTIONS ON STATE OWNED ENTERPRISES THAT ARE PERFORMING POORLY.

PRESS STATEMENT FOR IMMEDIATE RELEASE.

Pretoria -Wednesday, 18th April, 2018

Parliamentary Committee on Parastatal bodies says it will enforce sanctions on parastatals and other state owned enterprises that are performing poorly.

Committee chairperson Peter Daka, who is also Msanzala Member of Parliament, says parastatals and state owned enterprise should be successful in implementing their mandates without government’s help.

He said the parastatals were created to help improve the local economy and create job opportunities for many Zambians.

Mr. Daka said his committee has legal powers to recommend for sanctions against parastatals and state owned enterprises that were failing to bring benefits to government and the people of Zambia

He urged the Industrial Development Corporation (IDC) to play a proactive role in sourcing for funding and recapitalisation of parastatals to ensure that they were successfully performing according to their mandates.

Mr. Daka was speaking in Pretoria South Africa when he led a team of committee members on an in-depth study tour of the management and operation of the South African Industrial Development Corporation and other State Owned Enterprises.
And Zambia’s High Commissioner to South Africa His Excellency Mr. Emmanuel Mwamba says State owned enterprises still play vital role in improving domestic economies.

He said the South African model of managing parastatals demonstrated a good example that Zambia needed to maintain the idea of having functioning state owned enterprises.

Mr. Mwamba noted that the Parliamentary Committee’s study to South Africa was timely as the country was running some of the world’s largest and successful parastatals that have helped to prop-up that country’s economy.

The full Committee on Parastatal Bodies comprises; Hon PETER Daka(Msanzala), Patricia Mwashingwele(Katuba), Mulowa Mukumbuta(Senanga), Brian Kambita(Zambezi East), Mumbi Phiri(nominated), Anthony Kasandwe (Bangweulu), Gift Chiyalika(Lufubu),Mutotwe Kafwayaya(Lunte), and Moono Lubezhi(Namwala), Douglas Siakalima(Chirundu).

Mrs Naomi Nyawali

First Secretary Press and Public Relations.

Zambia’s High Commission, South Africa.

press@zambiapretoria.net

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