The government appears to be ceding ground in the privatisation of state-owned entities and will now seek MPs' approval in the process.
A new Bill, aimed at easing the process of selling part of the government's shareholding in state corporations, has proposed giving Parliament powers to oversee the process.
The Privatisation Act 2023, which was nullified by the High Court last year, had taken away the National Assembly's powers to scrutinise the privatisation process.
Instead, the Act relegated the National Assembly to ratifying the sale of public assets following proposals by the National Treasury and approval by the Cabinet.
