Business opposed to state majority in parastatals

Government owns 51 percent of shares in Botswana Telecommunications Corporations and in the National Development Bank.

Speaking during Public Enterprises Evaluation and Privatisation Agency (PEEPA)'s address on privatisation programme, members of the business community felt that the fact that government has first option at acquisition of shares does not benefit shareholders and could result in the government eventually wholly owning those parastatals because it is in control.