Mmegi

SOE reform becomes urgency for gov’t

Firming up solutions: Gaolathe 
PIC: KENNEDY RAMOKONE
Firming up solutions: Gaolathe PIC: KENNEDY RAMOKONE

Of the 16 parastatals required by law to operate profitably, just seven have done so in the past financial year. Vice President, Ndaba Gaolathe, says parastatals and their turnaround are a “big ticket” item in his conversations with President Boko. MBONGENI MGUNI, PAULINE DIKUELO & TIMOTHY LEWANIKA write on the troubled state assets

The rot in parastatals keeps worsening the more revelations of their state of affairs is made.

Nearly each week in recent months, top government officials have lifted the lid on the state of State-Owned Entities (SOEs) disclosing previously unknown, but largely suspected, gross violations of corporate governance, statutory non-compliance and financial failure.

Editor's Comment
The State apparatus must be sanitised

When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...

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