The painful privatisation of South Africa

Article Abstract:

Jeff Radebe has been given the responsibility for privatizations in South Africa, and he faces a difficult taks. The program includes the sale of a 20% stake in South African Airways to Swissair. There are a large number of public sector enterprises which accumulated during the previous regime. Many public companies have financial problems and too many employees. The government aims to raise funds from privatizations, but it also aims to help poorer people, and these different aims make the process more difficult.

Economic Programs, Administration of Economic Programs

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South Africa goes for growth

Article Abstract:

South Africa's president, Thabo Mbkei, has to tackle the problem of poverty and the economy has tobe liberalized. Some changes have been made, with privatizations, reductions in the public sector work force, and control of labor union power. There have been calls for caution due to the political consequences of moving too rapidly. These calls are mistaken, and South Africa has to carry out radical reforms, such as reducing the hold of state monopolies, more rapidly in order to tackle the problem of poverty.

Editorial, Mbeki, Thabo

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Which road for the economy? South Africa

Article Abstract:

South Africa's president Nelson Mandela is giving signs of wanting to open up his country's economy through privatization. South Afica's 1996 growth domestic product is close to 4%; however, unemployment is at 33%. Unions fear that more jobs will be lost as a result of privatization.

Political activity, Mandela, Nelson, Labor unions

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