PRIVATISATION

25 May 2016 By PDSNET

The sale of government assets to the private sector. The union movement in South Africa has been implacably opposed to privatisation since 1994 because they see it as resulting in retrenchments. For this reason, privatisation has generally been a dirty word in the new South Africa. However, in 2016, with the re-appointment of Pravin Gordhan as Minister of Finance, the idea has come to the fore again as the cash-strapped government looked to subsidise loss-making parastatals like SAA and Eskom.



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