Cash-strapped parastatals sell assets to stay afloat

Cash-strapped companies partly owned by the Government have put up some of their assets for sale in a bid to stay afloat. While observers are quick to see this as the proverbial kicks of a dying horse, the firms have insisted this is a strategic move to help them focus on their core mandate.

Without ruling out the survival component, experts have agreed that shedding of some extra assets will go a long way in helping the firms deliver.