AUDIT
OF THE PRIVATISATION PROCEEDS ACCOUNTS
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A team of auditors have been engaged in auditing the accounts of the Privatisation Proceeds held at the Central Bank of Lesotho. These accounts are proceeds received on payment for the shares of Government in various enterprises that have been sold to investors and held at the Central Bank of Lesotho under Section 29(1) of the Privatisation Act of 1995. According to the Act, the proceeds may only be used for private sector development after due approvals by the Minister of Finance. Regulations to govern how these monies are being are being prepared for approval by the Government so that the public may be advised on how to access the funds for eligible private sector development activities and projects. It is expected that the planned regulations will also facilitate future audits of the proceeds accounts. |
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Designers