11.   He wanted the Soviet Union to adopt a mixed economy with some state enterprises being transferred to other forms of socialist ownership.

12.   Unprofitable state enterprises would be closed and the money supply stabilized.

13.   Among other things the new law also abolished mandatory election of managers in state enterprises, and established a mechanism to declare bankruptcy.

14.   Lekhanya promised that privatization of state enterprises would be the hallmark of his administration, starting with Lesotho Airways and Lesotho Freight Air Transport.

15.   State enterprises had been hoarding goods rather than sell them at unprofitable retail prices, thereby exacerbating shortages in the shops.

16.   Under the new legislation, leaders of state enterprise unions were forced to seek approval from the Interior Ministry to register their organizations as associations.

17.   It also outlined an economic programme including tax reform, the restructuring of state enterprises, and a reduction in inflation without the introduction of harsh austerity measures.

18.   However, there was disagreement over future policy towards the state enterprises, over a third of which were loss-making.

19.   A Council of Ministers meeting in mid-November had debated the idea, fiercely opposed by conservatives within the party, of turning state enterprises into share-holding companies.

20.   A compromise agreement was reached under which a small number of state enterprises would be transformed into share-holding companies on an experimental basis.