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.