Summary
South Africa is set to launch its massive privatization program in the summer of 1996. Aimed at increasing access to electricity and telephone services, providing a more extensive public transport network, improving communications systems and bringing more television and radio stations to the public, the program is being eagerly awaited by foreign investors and local companies. However, critics contend that the program may trigger a decline in product standards and an increase in prices.
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Extract
South Africa: privatisation scramble begins.
Local and foreign investors are getting into the starting blocks for what is expected to be a headlong dash for lucrative state owned companies when South Africa's big privatisation programme is launched this summer. But, as Julian Samboma reports, not everybody is looking forward to the prospect.
Foreign investors and South Africa's business community ...See the full content of this document
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