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Sunday, 18 July 2010

Has Zambian privatisation been a success?

Yes. According to the 2nd President Frederick Chiluba :
"But as a policy, privatisation [in Zambia] is a success. It brought efficiency and predictability to the economy. Money that was spent on subsidies and government subventions can now be spent properly elsewhere. The mining sector has experienced exponential growth. The temporary losses have been made up by new employers in the economy."
No. According to James Matale, the first chief executive of the Zambia Privatisation Agency :  
"It [privatisation] is led by powerful business interests connected to government who treat enterprises and assets lined up for privatisation as goods fallen from the back of a delivery truck. There is a lot of corruption".

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