Wednesday, April 29, 2009

Sask gov gets its fingers out of private enterprise

It's a case of quit while you're ahead. The Saskatchewan government plans to divest of its holdings in private companies over the next two to three years. The sale of provincial holdings in SaskFerco helped Investment Saskatchewan post substantial profits. However, contractual obligations created by the former NDP government would have obligated the province to invest another $25 million annually in private Saskatchewan companies until 2014. Thankfully, the province is buying out such obligations and getting itself out of private enterprise.

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