Thesis (MA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: This assignment seeks to explore the role of privatisation in attracting foreign
direct investment (FDI) to South Africa and Zambia. In doing this, literature
review method based on primary and secondary documentary sources have
been utilised. In order to attract FDI, the study revealed that it is necessary to
get the policy environment right. Creating an investor-friendly environment
which promises good return on investment in line with the international
"regulatory" framework - the World Bank's International Finance Corporation
(IFC) and Multilateral Investment Guarantee Agency (MIGA) and the World
Association of Investment Promotion Agencies (WAIPA) requirements - is
therefore significantly important.
The World Bank regards Zambia's privatisation programme as the model for
Africa. South Africa finds itself in a contradictory position. On the one hand it
is the leading economic power in Africa, while on the other hand it still lags
behind in terms of restructuring its parastatals. Privatisation programme in
South Africa has been very slow. However, the government and other
stakeholders, particularly in 1997, have been trying to get privatisation off the
ground.
The conclusion is that both South Africa and Zambia succeeded in attracting
FDI through their processes of privatisation. In both countries major FDI
inflows have been an outcome of privatisation. FDI is important for creating
employment, debt reduction, empowerment, transfer of technology and
managerial skills. However, these countries follow different approaches to
privatisation. Due to the slow privatisation pace in South Africa, it is
recommended that South Africa learn from Zambia's approach and
experience. This would enable South Africa to fully explore some of the
benefits of privatisation. / AFRIKAANSE OPSOMMING: Hierdie opdrag ondersoek die rol van privatisering in die trek van direkte
buitelandse beleggings (DBB) in Suid-Afrika en Zambie. Ten einde hierdie
doelstelling te kon bereik is 'n literere oorsig van primere en sekondere
bronne gedoen. Hierdie studie het bevind dat 'n gunstige beleidsomgewing
DBB sal trek. Die skep van 'n beleggings-vriendelike omgewing wat goeie
dividende beloof en in Iyn is met die internasionale "regulerende" raamwerk -
die Wereldbank se International Finance Corporation (IFC), Multilateral
Investment Guarantee Agency (MIGA) en World Association of Investment
Promotion Agencies (WAIPA) - se vereistes is van kardinale belang.
Die Wereld Bank beskou Zambie se privatiseringsprogram as die model
program vir Afrika. Suid-Afrika bevind haarself in 'n teenstrydige posisie. Aan
die een kant is sy Afrika se voorste ekonomiese moondheid, en aan die
anderkant is die programme om haar staatsondernemings te herstruktureer
nog in hul kinderskoene. Privatiseringsprogramme in Suid Afrika het tot
dusver baie stadig verloop. In 1997 het die regering en ander
belanghebbende partye egter privatisering van die grond af probeer kry.
Die konklusie is dat beide Suid-Afrika en Zambie daarin geslaag het om DBB
te lok met hul privatiseringsprogramme. In beide lande was groot DBB die
uitkoms van privatisering. DBB is belangrik om werk te skep, skuld
vereffening, bemagtiging, en die oordrag van tegnologie en
bestuursvaardighede. Hierdie lande volg egter verskillende benaderings tot
die privatiseringsproses. Vanwee die stadige privatiseringsproses in Suid
Afrika word die voorstel gemaak dat Suid-Afrika by Zambie leer in hul
benadering en ervaring. Dit sal Suid-Afrika toelaat om al die voordele van
privatisering te ontdek.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/51767 |
| Date | 12 1900 |
| Creators | Masindi, Ntungufhadzeni Austin |
| Contributors | Breytenbach, W. J., Stellenbosch University. Faculty of Arts and Social Sciences. Dept. of Political Science. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Format | 126 p. |
| Rights | Stellenbosch University |
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