Jump to navigation

Vol 41 No 12

Published 9th June 2000

South Africa

Come in, it's private

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.

End of preview - This article contains approximately 1182 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.