South Africa: equity not privatization rationale

Summary Preserving scarce formal sector employment is the motivation of behind South Africa’s ruling African National Congress in seeking equity partnerships for and not the privatization of the country’s loss-making state-owned companies. Analysis South African President Cyril Ramaphosa spoke October 14 in London where he welcomed the participation of private sector investment in South Africa’s state-owned companies, emphasizing efforts to reform South African Airways as well as the electricity utility company Eskom. While the South Africa president was addressing the business audience in London, the Commission for Conciliation, Mediation, and Arbitration (CCMA), a South African government labor and industrial relations …

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