Question

What is the primary function of the National Renewal Board (NRB) in the privatisation process?

Options

• Provides compensation to workers affected by privatisation

• Prevents any reduction in government employment

• Acquires all privatised companies for the government

• Ensures all PSUs remain under state control

Answer 1

The National Renewal Board is established to address the social impact of privatisation by providing compensation to workers who are adversely affected by the transition from government to private sector management.