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What is the case for privatisation?

What is the case for privatisation?

There is clear evidence that public enterprises have contributed to our economic stagnation and poor national image. Public enterprises have:

  • Created economic inefficiency;
  • Consistently incurred financial losses;
  • Absorbed a disproportionate share of credit;
  • Contributed to financial deficits and imbalances;
  • Contributed to and entrenched parasitism and corruption; and
  • Attracted rapacious military-civilian elites to politics.
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