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State Owned Enterprises In South Africa: A Pinocchio Paradox

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  • Priviledge Cheteni
  • Yohane Khamfula

    (North West University)

Abstract

The state plays an important role in the South African economy. SOEs viability is projected to be a pivotal part in leading the transformation agenda by a number of departments because they are spearheading economic development. Nevertheless, the rapid ascendency of SOEs in driving economic growth has been with negative consequences for the South African economy, with a number of them being viewed as driving nepotism, corruption and non-aligned state agendas. This has led to conflicts with market driven economic development of the South African economy, and hindering competition between the state-owned enterprises and private-owned enterprises.

Suggested Citation

  • Priviledge Cheteni & Yohane Khamfula, 2018. "State Owned Enterprises In South Africa: A Pinocchio Paradox," Africagrowth Agenda, Africagrowth Institute, vol. 15(1), pages 4-7.
    • Handle: RePEc:afj:journ2:v:15:y:2018:i:1:p:4-7
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