Thesis (MBA)--Stellenbosch University, 2002. / ENGLISH ABSTRACT: In many countries privatisation has been embraced as an economic policy that
serves almost as a panacea for many economic problems. In general the
rationale is assumed to be that of welfare improvement. It is also expected to
improve governments' macroeconomic position because state enterprises are
frequently loss making and hence receivers of government funds. Privatisation is
also perceived to contribute to the development of weak or non-existent capital
markets to enhance domestic savings mobilization.
Africa's investment climate and potential for economic growth have improved
remarkably and although Africa accounts for only a small fraction of worldwide
privatisation activities, privatisation is on the increase as more governments
realize that the old ways of state ownership have failed to deliver the goods.
Hardly any African country does not have some sort of privatisation in the
pipeline. Botswana, which is the main focus of this paper, launched its
privatisation programme in 1998, when the Cabinet adopted the privatisation
policy.
Privatisation has also been triggered by the increasing globalization of the world
economy. Rapid growth in international trade and investment has made
competitiveness in international trade an essential factor in a nation's ability to
create jobs, raise real wages and generate wealth. For many African countries,
privatisation has become the only effective method of raising investment capital
on favourable terms. High levels of past public sector borrowing have burdened
many nations with large levels of debt.
Although privatisation efforts differ substantially from country to country, there is
a strong common economic rationale underlying the various decisions to privatise. African countries privatise for solutions to immediate financial,
economic or political crises and due to the demands of International Donor
Agencies, such as the World Bank and the International Monetary Fund.
Privatisation in Botswana is different in the sense that it has come from the
desire to improve efficiency in the delivery of services, promote competition and
increase productivity of enterprises.
Advocates of globalization promote the efficiencies of speed and technology and
the benefits of privatisation as the best approach to economic development,
based on an assumption that it is better for all nations to have a well-connected
international network to achieve goals of economic development. / AFRIKAANSE OPSOMMING: In baie lande word privatisering as 'n ekonomiese beleid aangegryp as 'n
wondermiddel vir talle ekonomiese probleme. Oor die algemeen word
aangeneem dat die grondrede hiervoor die verbetering van welsyn is. Daar word
ook verwag dat dit die regering se makro-ekonomiese posisie sal verbeter,
aangesien staatsondernemings dikwels verliese ly en dus ontvangers van
staatsfondse is. Privatisering dra klaarblyklik ook by tot die ontwikkeling van
swak of nie-bestaande kapitaalmarkte ten einde plaaslike spaarpogings aan te
moedig.
Afrika se beleggingsklimaat en potensiaal vir ekonomiese groei het merkwaardig
verbeter en alhoewel Afrika vir slegs 'n geringe gedeelte van wêreldwye
privatiseringsaktiwiteite verantwoordelik is, is privatisering aan die toeneem
namate regerings besef dat die ou stelsel van staatseienaarskap nie suksesvol is
nie. Byna alle Afrikalande het een of ander vorm van privatisering aan die kom.
Botswana, wat die hooffokus van hierdie studieprojek is, het in 1998 sy
privatiseringsprogramme van stapel gestuur toe die Kabinet die
privatiseringsbeleid goedgekeur het.
Privatisering word ook aangehelp deur die toenemende globalisering van die
wêreldekonomie. Snelle groei in internasionale handel en investering maak
mededingendheid in internasionale handel 'n noodsaaklike faktor in 'n land se vermoë om werk te skep, reële lone te verhoog en welvaart te genereer. Vir baie
Afrikalande het privatisering die enigste doeltreffende manier geword om
beleggingkapitaal op gunstige voorwaardes te verkry. As gevolg van hoë vlakke
van openbaresektorlenings in die verlede sit talle nasies opgesaal met groot
skuldvlakke.
Alhoewel privatiseringspogings aansienlik van land tot land verskil, is daar 'n
sterk onderliggende gemeenskaplike ekonomiese grondrede vir die onderskeie
besluite om te privatiseer. Afrikalande privatiseer as 'n oplossing vir onmiddellike
finansiële, ekonomiese of politieke krisisse en weens die eise van internasionale
skenkerorganisasies soos die Wêreldbank en die Internasionale Monetêre
Fonds. Privatisering in Botswana verskil in dié opsig dat dit spruit uit die
behoefte om doeltreffendheid te verbeter in die lewering van dienste,
mededinging aan te moedig en die produktiwiteit van ondernemings te verhoog.
Voorstanders van globalisering ondersteun die doeltreffendheid van spoed en
tegnologie en die voordele van privatisering as die beste benadering vir
ekonomiese ontwikkeling, gegrond op die aanname dat dit vir alle nasies beter is
om 'n effektiewe internasionale netwerk te hê om doelwitte van ekonomiese
ontwikkeling te bereik.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/53018 |
| Date | 12 1900 |
| Creators | Mamelodi, Anastasia Nkhumo |
| Contributors | Roux, A., Stellenbosch University. Faculty ofEconomic & 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 | 93 p. |
| Rights | Stellenbosch University |
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