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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Public Enterprise Sector Reforms in Zimbabwe: A Macro Analytical Approach
Author:Zhou, GideonISNI
Periodical:Zambezia (ISSN 0379-0622)
Notes:biblio. refs.
Geographic terms:Zimbabwe
Southern Africa
Development and Technology
Economics and Trade
Economics, Commerce
public enterprises
Economic reform
government policy
External link:https://journals.co.za/doi/abs/10.10520/AJA03790622_7
Abstract:Zimbabwe adopted public enterprise reforms in 1991. These were seen largely as politically feasible and desirable, and were expected to alleviate macroeconomic problems ranging from a high budget deficit, rising unemployment, high rates of inflation and interest, and low levels of investment. However, there was some doubt in the eyes of the local and international community as to the government's political will to implement the reforms. Public enterprise reforms in Zimbabwe are being undertaken within a heavily institutionalized policy environment. Currently there are ten institutional players, all located within the President's Office, directly involved in the reform process. The institutional setup is characterized by the absence of clearly defined lines of responsibility and a duplication of functions, particularly between the Department of State Enterprises and Indigenization and the National Economic Planning Commission. This has caused unnecessary delays during the implementation process and blurs channels of accountability. Moreover, a regulatory framework has still to be put in place. For most parastatals in Zimbabwe, their enabling Acts have still to be repealed. The net effect is that the Zimbabwean government still wields considerable control over the parastatal sector. What is needed is the establishment of an autonomous, multipartite Privatization Authority, completely divorced from executive control. Bibliogr., sum.