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The Government of Lesotho’s privatisation policy is implemented in accordance with the Privatisation Act of 1995. The Act established the Privatisation Unit, which is mandated to plan, manage, implement and control the privatisation process in Lesotho using over 12 different privatisation methods outlined in the Privatisation Act. These range from management contracts to the outright sale of shares and assets. Implicit in this process is the promotion of Basotho participation. The privatisation process is carried out in a transparent and competitive manner as set out in the Privatisation Act 1995 and its Regulations. The parastatal to be privatised, the method of privatisation, the private sector partner to whom the parastatal is being privatised to and other related matters have to be approved by Cabinet. The Privatisation Act No. 9 of 1995 and the Privatisation Regulations of 1997 can both be purchased from the Government Printers. |
Designers