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Non-performing parastatals should be shutdown: Mugabe

6 years agoThu, 07 Sep 2017 18:20:54 GMT
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Non-performing parastatals should be shutdown: Mugabe

Speaking to business leaders on Thursday, President Robert Mugabe said that non-performing parastatals should be shutdown.

Said Mugabe:

We certainly share your concerns over the under performance of the State Enterprises and Parastatals sector, whose current contribution to the national GDP is around 11 percent, down from the peak level of 40 percent. These are non-performers; what we must do is to find coffins and bury them with the words ‘Rest in peace.’ They said there are important ones (parastatals) which must be kept but the others we should get as many coffins as there are those which have caused us immense expenditure; they should certainly go! I don’t know what you say.

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