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maporita ,

The problem in South Africa has nothing to do with state owned companies vs private ones. It has everything to do with corruption. Not just the mild, occasional bribe here and there but rampant endemic corruption at almost every level. Corruption is like a cancer and in South Africa it’s been allowed to fester and grow unhindered for decades, so removing it will be a monumental endeavor … there are too many vested interests at stake now. I’m not optimistic any solution will be forthcoming anytime soon. Privatisation without fixing the underlying rot won’t change anything.

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