Privatisation in Sub-Saharan Africa: Where Do We Stand by Organisation for Economic Co-Operation and Development

By Organisation for Economic Co-Operation and Development

This ebook examines contemporary growth made within the region's privatisation attempt in Sub-Saharan Africa. With cumulative proceeds of privatisation accounting for simply $8 billion in comparison to $46 billion in transition economies over a similar interval, it truly is in actual fact nonetheless in its infancy. The document charts growth, outlines tools used, and questions no matter if the ambitions were completed. It additionally examines the impression privatisation has had on assuaging poverty. it really is for coverage makers, advisers and donors and examine institutes considering the privatisation method.

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54 © OECD 2004 OECD Development Centre Studies Box 4. e. some replacement of assets and network expansion). The public authorities retain responsibility (often through a “state holding company”) for: i) designing sector policies and strategies; ii) ownership of infrastructure assets; iii) planning and financing some or all investment; iv) regulating the activities of the private operator; and v) promoting public acceptance of the Private Participation in Infrastructure (PPI) reforms. Source: Kerf (2000).

OECD 2004 29 Privatisation in Sub-Saharan Africa: Where do We Stand? Volume of sales ($) Box 1. Learning to Privatise Large Breaking resistance Fully-fledged Small Stalemate Path of least resistance Slow Fast Speed of resistance Source: Kayizzi-Mugerwa, 2002 “A. Stalemate describes a position of minimal movement, with slow privatisation and a small volume of sales. This was the case for many African countries in the late 1980s, before the privatisation process achieved momentum. But owing to social strife and political difficulties, some countries have not moved far from here.

According to the Technical Unit for Enterprise Restructuring, 1 248 companies have emerged from the privatisation process in Mozambique, while the World Bank reports only around 500 companies earmarked for it. 3 million. 34 © OECD 2004 OECD Development Centre Studies South Africa presents a peculiar case: the number of privatisations registered in the country is among the lowest in sub-Saharan Africa, and the total proceeds and average sale value are by far the highest. The main reason is that the privatisation process has thus far been largely focused on divestiture of the largest and most strategic SOEs: Eskom (electricity), Transnet (road, rail, maritime and air transport, including Spoornet, which runs the railways, and Portnet, which runs the seaport), Telkom (telecommunications) and Denel (defence).

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