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After privatising 35 state agencies, the government is in fresh plans to transform nearly 200 government-owned enterprises (GOEs) into limited private companies, if a Bill goes through.
In the proposed plan, the Treasury will own, run, and set up new ones at will. A policy by the Treasury explains that the law will be amended to convert all commercial agencies into limited private companies so that they can compete with private businesses for opportunities in government and public service.
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