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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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