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The proceeds will help the Treasury achieve its target of reducing the budget deficit to 5% of gross domestic product, from 12%, Ncube said in a statement emailed Tuesday from the capital, Harare. The government has identified 43 state-owned entities for reform, he said.
The firms earmarked for immediate sale are telecommunications companies Tel One Ltd., Net One Ltd. and Telecel Ltd., the state post office ZimPost and the People’s Own Savings Bank, Ncube said.
“Work is already under way to identify transaction advisers,” he said.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.