gorden moyo.jpgThe Minister of State Enterprises and Parastatals, Mr Gorden Moyo (pictured) has admitted that poor consultations with relevant stakeholders are stalling the implementation of the privatisation model.

Giving oral evidence on the performance of state enterprises before the Parliamentary Portfolio Committee on State Enterprises and Parastatals in Harare, Mr Moyo admitted that failure to consult widely is one of the reasons why it has taken long for the implementation of the privatisation model.

He however added that apart from poor consultations, a number of challenges are stalling progress in the implementation of the framework.

The chairman of the portfolio committee, Cde Larry Mavima said the committee is concerned over the delay in the implementation of the privatisation or commercialisation of state firms.

Zimbabwe has 78 parastatals, which when fully operational can contribute 40% to the country’s Gross Domestic Product (GDP).

Currently, their operations have come under the spotlight, owing to continued losses incurred despite assistance from fiscal authorities.

Out of the 10 proposed firms, only ZISCO has been privatised.