THE Parliamentary Committee on Parastatal bodies says it will enforce sanctions on parastatals and other state-owned enterprises that are performing poorly.
Committee chairperson Peter Daka, who is also Msanzala member of parliament, says parastatals and state owned enterprise should be successful in implementing their mandates without government help.
According to a statement by press secretary at the Zambia’s High Commission in South Africa Naomi Nyawali, Daka said this when he led a team of committee members on an in-depth study tour of the management and operation of the South African Industrial Development Corporation and other state-owned enterprises.
He said the parastatals were created to help improve the local economy and create job opportunities for Zambians.
Daka said his committee has legal powers to recommend sanctions against parastatals and state-owned enterprises that were failing to bring benefits to the government and people of Zambia
He urged the Industrial Development Corporation (IDC) to play a proactive role in sourcing funding and recapitalisation of parastatals to ensure that they were successfully performing according to their mandates.
And Zambia’s High Commissioner to South Africa Emmanuel Mwamba says state-owned enterprises still play vital role in improving domestic economies.
He said the South African model of managing parastatals demonstrated a good example that Zambia needed to maintain the idea of having functioning state-owned enterprises.
Mwamba noted that the committee’s tour was timely as South Africa was running some of the world’s largest and successful parastatals that have helped to prop-up the country’s economy.
The committee also comprises Patricia Mwashingwele (Katuba Constituency), Mulowa Mukumbuta (Senanga), Brian Kambita (Zambezi East), Mumbi Phiri (nominated), Anthony Kasandwe (Bangweulu), Gift Chiyalika (Lufubu), Mutotwe Kafwayaya (Lunte), Moono Lubezhi (Namwala) and Douglas Siakalima (Chirundu).