Monday, June 21, 2010

Privitizing bankrupt businesses

from the VOA

Zimbabwean business sources say most of the state enterprises the government has slated for privatization are heavily indebted and laying off workers, adding that potential investors in companies like Air Zimbabwe fear they will assume the debts as part of an acquisition then lose control to senior ZANU-PF officials.

They said investors want legislation in place that will protect them from political interference.

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