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{
    "id": 740518,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740518/?format=api",
    "text_counter": 112,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "If you look at this Bill, there are clauses which are important and we cannot go through all of them. Clause 11 requires a director to disclose any other company directorship he or she holds. This has been a big loophole in this country whereby people trade with themselves whether they are running public or State owned companies. They usually form companies on the side and transact business with themselves. You can recall a time in this country when we decided that some State assets should be disposed of. The same directors in the parastatals formed companies and acquired those assets at throwaway prices. Clause 11, in this case, would have protected this country in that area."
}