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The Standard e-Paper
Truth Without Fear
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The government is set to shut down 25 State corporations and off-load another 25 to private sector players in a new reform process aimed at reducing the burden that it has to shoulder in bailing out non-performing State firms.
The National Treasury said it had undertaken a preliminary assessment of the 288 State corporations, with the preliminary results determining that about half or 158 are strategic and would be retained.
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