Subsidising inefficient PEs does not support the economy: PM

Contributed by NAMPA.

WINDHOEK, 15 JUN (NAMPA) - Public enterprises should not expect to receive loans guaranteed by the State which they do not make an effort to repay, Prime Minister Saara Kuugongelwa-Amadhila said.
Addressing a meeting with public enterprises here on Friday, the PM said subsidising an inefficient public entity that makes absolutely no effort to improve the economy, does not support the economy.
State-owned enterprises (SOEs) should be modelled to strive to minimise costs, maximise results and find ...