Thesis (MBA)--Stellenbosch University, 2002. / ENGLISH ABSTRACT: The process of privatisation has been prompted in many instances by economic
necessity and high fiscal deficits prevalent in many developing countries in the 1980s.
Although addressing fiscal prudence is commonly cited as the main objective, it has
been argued that the choice of enterprises for privatisation suggest that the primary
motivation for privatisation has been to secure World Bank, International MonetaryFund
(IMF) and donor financial support.
Privatisation of state assets has been a key element of the emerging new market
orthodoxy concerned with redefining the role of the state. Market theories posit that
sustainable development and achievement of more dynamic economic growth in most
economies requires a greater role for the private sector. Underlying this consensus is
the belief that resources will be used more productively if they are transferred to the
private sector.
The low saving capacity has led to the realisation by African leaders through the New
Partnership for Africa's Development (NEPAD) initiative that Africa's achievement of
long-term sustainable development is dependent on its ability to create conducive
conditions that will attract Foreign Direct Investments (FDI). Consequently, the
importance of Multinational Corporations in privatisation transactions, especially now
that most African countries have embarked on privatisation of utilities and infrastructure
sector cannot be emphasised enough. This has, inevitably, led to conflicting objectives
between the need to mobilise foreign investors, particularly in countries such as
Tanzania where broadening of ownership is a primary objective of privatisation.
It is important to note that Tanzania's Parastatal Sector Reform Programme was
initiated lnthe context of broader policy changes initiated since the late 1980s. The
privatisation programme has formed part of comprehensive economic reforms and
Structural Adjustment Programmes(SAPs) prescribed by the World Bank and IMF. This study presents findings on the extent of privatisation in Tanzania, its process,
challenges and the impact it has had on the economy since 1993. The study explores
and identifies key factors that have led to the varying performance of privatised
enterprises. Key lessons and experience from Tanzania's privatisation exercise are
also outlined. The study concludeswith possible areas for further research. / AFRIKAANSE OPSOMMING: Ekonomiese noodsaak en groot fiskale tekorte in menige ontwikkelende lande
gedurende die 1980s het in baie gevalle aanleiding gegee tot die privatiseringsproses.
Alhoewel die aanspraak van fiskale omsigtigheid gewoonlik as hoofrede aangegee
word, is daar ook aangevoer dat die keuse van ondernemings vir doeleindes van
privatisering daarop dui dat finansiële ondersteuning van die Wêreldbank,
Internasionale Monetêre Fonds (IMF) en donateurs die eintlike motivering onderliggend
aan privatisering is.
Privatisering van staatsbates was 'n kern element van die opkomende nuwe
markortodoksie wat betréf die heromskrywing van die staat se rol. Markteorieë
postuleer dat handhaafbare ontwikkeling en die bereiking van meer dinamiese
ekonomiese groei in die meeste ekonomieë 'n groter rol aandui vir die privaat sektor.
Onderliggend aan hierdie konsensus is die aanname dat hulpbronne meer produktief
eksploiteer sal word as dit na die privaat sektor oorgedra word.
Die lae spaarkapasiteit het Afrikaleiers laat besef dat deur die New Partnership for
Africa's Development (NEPAD) inisiatiewe, Afrika se langtermyn handhaafbare
ontwikkeling afhanklik is van sy vermoë om bevorderlike omstandighede te skep wat
direkte buitelandse investering sal lok. Die belangrikheid van multinasionale korporsies
in privatiseringstransaksies, veral nou dat Afrikalande 'n poging in die werk gestel het op
privatisering van gebruiksgoedere en die infrastruktuur sektor, kan derhalwe nie genoeg
beklemtoon word nie.
Dit is belangrik om kennis te neem van Tanzanië se Parastatal Sector Reform
Programme sedert die laat 1980s wat in die konteks van breër beleidsveranderinge
inisieer is.' Die privatiseringsprogram het deel gevorm van omvattende ekonomiese
hervormings en strukturele aanpassingsprogramme soos voorgeskryf deur die
Wêreldbank en die IMF. Bevindings oor die omvang van privatisering in Tanzanië, die proses van privatisering,
uitdagings en die impak wat dit op die ekonomie gehad het sedert 1993, word in hierdie
studie gebied. Hierdie studie eksploreer en identifiseer kern faktore wat tot die
wisselende prestasie van geprivatiseerde ondernemings gelei het. Belangrike lesse en
ervaring uit Tanzanië se privatiseringsoefening word ook toegelig. Die studie sluit af
met moontlike areas vir verdere navorsing.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/53019 |
| Date | 12 1900 |
| Creators | Mwapachu, Aisha |
| Contributors | Breytenbach, W. J., Stellenbosch University. Faculty of Economic & Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Format | 116 p. |
| Rights | Stellenbosch University |
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