The government of Zimbabwe on Wednesday has called on bidders to buy stakes in up to eight state-owned companies already running into loss.
The Deputy Finance Minister, Terence Mukupe made the announcement.
Speaking in Harare, Mukupe said that the aim of the auction was to aid the country’s ballooning budget deficit.
He further listed the companies running into loss which also included the national airline and power utility.
“We are diluting our shareholding in those entities and our shareholding might go to zero per cent in some entities,” Mukupe said.