PM says, “Selling to SSB is in effect selling to the small man.”

Home/PM says, “Selling to SSB is in effect selling to the small man.”

PM says, “Selling to SSB is in effect selling to the small man.”

Upon his return to the country on Sunday, the Prime
Minister took the opportunity to quickly dispel rumors that
the Government is seeking to sell off the countries utilities
to foreign investors.
The Prime Minister disclosed that Government does intend
to sell additional
shares in both Belize Telemedia Limited and Belize
Electricity Limited to Social Security Board. The Prime
Minister emphasized that such a move with be “perfectly
consistent with the letter of the law, since the
constitution requires that Government together with SSB
is to retain at least 51% ownership of the utility
companies.”
The Prime Minister also expressed that it is his desire to offer up at least 10% of the shares in
Belize Electricity Limited to „the small man‟ but also commented that “selling to SSB is in effect
selling to the small man.

By | 2017-02-26T16:01:54+00:00 February 26th, 2017|Daily News from GOB|