Parastatal Companies Challenged To Increase Their Returns In Terms Of Dividends To National Treasury

By Chileshe Mwango

 

Former Finance Minister Felix Mutati has challenged parastatal companies operating under the industrial development corporation -IDC- to increase their returns in terms of dividends to the national treasury.

Mr. Mutati has charged that while the number of those returning dividends may have increased, the amount returned to the state is minimal, falling at below 5%.

He observes that this development is posing a lot of challenges to the minister of finance Bwalya Ng`andu who apart from addressing the many economic challenges the country may be experiencing, also has the challenge of ensuring the parastatals also raise adequate profits.

Recently Finance Minister Bwalya Ng’andu bemoaned what he said is the meagre returns in terms of dividends by parastatal companies.

 

PHOENIX FM NEWS

The post Parastatal Companies Challenged To Increase Their Returns In Terms Of Dividends To National Treasury appeared first on Phoenix FM.

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