Jump to navigation

Vol 42 No 16

Published 10th August 2001

South Africa

Sell if you can

Privatisation is obstructed by unions, communists and world stock markets

The first few days of August dealt a double blow to South Africa's privatisation programme, a central part of the government's economic strategy. The plan to sell the state telephone company, Telkom, began to look unrealistic. As communications companies throughout the world announced huge losses and the prices of their shares were indiscriminately marked down, Telkom's listing on the Johannesburg and New York stock exchanges, due in November, was delayed.

End of preview - This article contains approximately 1133 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.