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Public enterprise portfolio negative: Jooste
Written by Isabel Bento on 26 April 2018.
WINDHOEK, 26 APR (NAMPA) – The Ministry of Public Enterprises has recorded an unsatisfactory public enterprise portfolio on the total return of its assets, with a loss of more than N.dollars 150 million per annum.
This, according to Minister Leon Jooste in his budget motivation speech in the National Assembly on Tuesday, indicates that current levels of performance and financial results emanating from costs of the public enterprises are low and unsustainable.
“For 2017/18 alone, commercial public enterprise ...
