The double-edged sword of privatisation is poised to cut deep into the heart of a failing South African state
dailymaverick.co.za
An interesting assesment of how a failing state almost makes privatisation inevitable. But at the cost of not servicing the majority of the country’s population, and only catering to those who can pay for all services. Pay to win in reality.
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The problem in South Africa has nothing to do with state owned companies vs private ones. It has everything to do with corruption. Not just the mild, occasional bribe here and there but rampant endemic corruption at almost every level. Corruption is like a cancer and in South Africa it's been allowed to fester and grow unhindered for decades, so removing it will be a monumental endeavor .. there are too many vested interests at stake now. I'm not optimistic any solution will be forthcoming anytime soon. Privatisation without fixing the underlying rot won't change anything.
Perfectly put. Also, the amount of money needed to fix the current problems is huge. And getting that amount of money from the taxpaying base( even without corruption siphoning off money) is placing an incredibly heavy burden on ordinary taxpayers. It's a tragic situation.
Spot on. And interesting that the word "corruption" didn't appear anywhere, even tho Rammy has acknowledged it's a scourge.