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Title:Was privatisation necessary and did it work? The case of South Africa
Author:Pitcher, AnneISNI
Year:2012
Periodical:Review of African Political Economy (ISSN 0305-6244)
Volume:39
Issue:132
Pages:243-260
Language:English
Geographic term:South Africa
Subjects:privatization
development
economic policy
External link:https://www.tandfonline.com/doi/abs/10.1080/03056244.2012.688803
Abstract:'Why structural adjustment is necessary and why it doesn't work', published by Gavin Williams in ROAPE in 1994, highlighted the paradoxical nature of structural adjustment policies. Drawing on Williams's insights, this article examines the adoption and outcome of privatization policies in South Africa from 1994 to 2010. The paper makes two claims that reinforce Williams's earlier arguments. First, privatization was central to the effort by the postapartheid government to secure a marriage between the State and capital through the expansion of black ownership. Yet, second, concerns over employment equity, preferential procurement, and unemployment forced the State to depend on parastatals after the turn of the century and in doing so, to abandon the privatization of State assets. State-owned enterprises have now become an integral component of the State's developmental project in South Africa. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]
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