Annual general report of the controller and - Parliament of Tanzania

CHAPTER TWELVE
RESULTS OF PRIVATIZATION
12.0 Introduction
In the early 1990s the Government decided to disengage
itself from commercial running of its PA&oBs through the
process of privatization. The Government decided to
engage itself on the regulatory roles, leaving commercial
activities in hands of the private sector. Such a decision
was attributed to several reasons including under
performance of the entities owned entirely by the
Government. Not all Public Authorities were privatized as
some were specified for privatization only later to be despecified.
The Government has instituted a restructuring
process to reverse the de-specified PA&oB into full
operations.
The privatization of PA&oBs in the country commenced way
back 1993. The Presidential Public Sector Reform
Commission (PSRC) was vested with powers of coordinating
and supervising the privatisation process. However, the
Commission’s operations officially ceased on 31 st December
2007 after completing the divesture of a substantial
number of the specified PA&oBs. The left stock of 34
PA&oBs which were at different stages of privatization
were transferred to the Consolidated Holding Corporation
effectively from 1 st January 2008.
On the same date ie 1 st January 2008, the Consolidated
Holding Corporation was vested with the responsibility of
discharging the functions of SIMU 2000 Ltd. The
uncompleted tasks left by SIMU 2000 among others included
managing and disposing of the non core assets of the
former TTCL and take over the pension liabilities of non
contributory pension scheme of former employees of the
East Africa Posts and Telecommunications and take over
any pending Court proceedings instituted by or against
TTCL.
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Office of the Controller and Auditor General PA&oBs 2007/08 213