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Plan to sell State firms gathers pace amid lingering hurdles

Treasury is not required to seek Parliament's approval in the privatisation process. [iStockphoto]

After more than a decade of failed attempts to privatise State-owned entities (SOEs), the government is looking to sell stakes in up to 10 parastatals this year.

The latest push to offload some of its loss-making firms is on the back of nudging by the International Monetary Fund (IMF).

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