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South Africa considers privatisation to counter recession

Reuters  |  JOHANNESBURG 

By Olivia Kumwenda-Mtambo and Mfuneko ToyanaJOHANNESBURG (Reuters) - South Africa's finance minister laid out an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core assets and partial privatisation of state-owned firms.The plans to stimulate growth in the continent's most industrialised economy appear to represent an ideological shift by the ruling African National Congress, whose political alliance with the unions has tended to make privatisation a dirty word.A team commissioned by President Jacob Zuma to review state firms last ...

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First Published: Thu, July 13 2017. 20:39 IST
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