Zimbabwe forms inter-ministerial taskforce to address mismanagement and corruption in state-owned enterprises.
Zimbabwe's state-owned enterprises (SoEs), once contributing 40% of the country's GDP, are now a financial burden, facing issues like mismanagement, corruption, and poor governance. South Africa faces similar challenges with its SoEs. Zimbabwe's government has created an inter-ministerial taskforce to address idle industrial infrastructure and enforce penalties for unjust practices. The nation can learn from China's successful management of SoEs, with merit-based appointments, strict personal punishments, and zero tolerance for corruption, driving its economy to rival the United States.
August 10, 2024
3 Articles