Local and foreign investors want state assets sold fast - the
trade unions don't
The African National Congress inches ahead with privatisation, though its partner, the Congress of South African Trade Unions (Cosatu), links this to the redrawing of labour laws to favour employers: both threaten jobs. Yet investors, foreign and local, think state assets are being sold off much too slowly (AC Vol 41 No 5). The bosses regard the privatisation programme as, in Lenin's phrase, one step forward, two steps back; the ANC's allies, Cosatu and the SA Communist Party, think it's a case of two steps forward and only one step back.
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