Budget Speech QKJ
Monday Feb 19,2018
Breaking News :
Daily BOT50 celebration
Home » News » Parliament » Eight parastatals at trade ministry

Eight parastatals at trade ministry

There are at least eight parastatals and three government owned companies under the Ministry of Investment, Trade and Industry, and they have created 1 148 jobs.

Minister Vincent Seretse said they have plans to rationalise and merge some of the parastatals with overlapping mandates.

Furthermore, the minister explained that in financial year 2017/2018, from a total recurrent budget of P936 845 640, an amount of P753 194 160 being 80 per cent, went towards nine parastatals out of 11 as subventions.

That, he added, excluded Special Economic Zones Authority (SEZA) and Botswana Development Corporation (BDC).

The parastatals that benefitted included Botswana Bureau of Standards (BOBS), Citizen Entrepreneurial Development Agency (CEDA), Local Enterprises Authority (LEA), Competition Authority (CA), SPEDU, Botswana Investment and Trade Centre (BITC), Gambling Authority (GA) and Botswana Trade Commission (BOTC).

The minister further noted that in the past five years subventions have changed with SEZA and BDC still getting nothing.

He said to date only BDC has declared dividends of P113 607 560.

Specially Elected Member of Parliament, Ms Bogolo Kenewendo had asked the minister to state the number of parastatals and government owned companies under his ministry, and if there were plans to streamline and merge some of them.

She also wanted to know how much of the ministry’s budget went towards subventions to the various statutory bodies including companies under the ministry, and if any of those subventions had changed.

In addition, she asked the minister to state if any of those statutory bodies or companies had declared profits and the number of jobs created under those statutory bodies and companies. ENDS

Source : BOPA

Author : BOPA

Location : GABORONE

Event : Parliament

Date : Feb 08 Thu,2018

Networks

Social Network