Minister for State-Owned Enterprises and Public Investment

NSL equity in SOEs possible: Minister

He said this in response to a proposal for the fund to acquire interest in the SOEs to settle more than K2 billion in unfunded superannuation by the state to public servants.

Duma said if a company is to take up equity in SOEs, it should be PNG companies with a track record.

“I wouldn’t rule that out. Namabwan Super looks after the interest of our people and they are a national institution, so it would be better off having a national institution taking up equity in some of our SOEs because the money stays with us, these are our companies.”