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.
At the appraisal of the Lesotho Privatisation and Private Sector Development Project, there were about 32 parastatals earmarked for privatisation. These included enterprises directly owned by Government of Lesotho and indirectly owned through LNDC and Lesotho Bank.
Designers