Treasury to hurry privatisations

Alan Heath
08-06-2001, 00:00

Treasury to hurry privatisations

The treasury has published a timetable for the privatisation of 321 state owned companies this year and for 231 in 2002 by provincial authorities. This project would double the amount of sales for 2001 from that of last year if successful. However analysts are somewhat sceptical pointing out that many of these companies are in a bad financial state and not likely to find a buyer.

Up until the end of last year the provinces had overseen the sale of 864 companies which were controlled by the treasury.

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Puls Inwestora / Treasury to hurry privatisations