THE Editor’s Memo “The type, quality of elections matters” (Zimbabwe Independent, January 27) and Paidamoyo Muzulu’s analysis “Parastatals   collapse: An indictment of GNU” (Zimbabwe Independent, January 13) were spot on as regards the embarrassing inability of Zimbabwean line ministries to viably run parastatals when compared to the Chinese, as well as the Brazilians.

According to The Economist’s Futurology edition titled “The World in 2012” state–controlled enterprises account for 80% of the market capitalisation of China and 38% in Brazil.

The world’s 13 largest oil companies, measured by reserves, are all state enterprises of one sort or another.
It boggles the mind as to why our cabinet has been shy of the stock exchange.

Hwange power station, for example, may be listed whilst government retains a progressively small shareholding and applying the returns to new power stations in a Public Private Partnership framework thereby leveraging government resources.

The ZMDC, with its strong balance sheet owing to its huge reserves of platinum, diamonds and other minerals could go for an international initial public offering to raise sufficient capital not only for the PGM refinery but for a 51% stake in Zimsteel as well.

Painona,
Harare.

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