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Privatisation the solution for SOEs - IRR

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Johannesburg – Privatisation may be the only viable option for struggling state-owned enterprises (SOEs), according to the South African Institute of Race Relations (IRR).

A paper, Privatisation or bust, by the IRR proposes the privatisation of SOEs. The paper was authored by research fellow, John Kane-Berman. If privatisation is properly executed, then it can be beneficial for South Africa.

“The alternative to privatisation is continued poor governance, crony capitalism, never-ending rising costs in both tax payers and consumers, and a continued delay in meeting the country’s need to upgrade and expand its economic infrastructure,” according to the IRR.

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