PRIVATIZATION OF PUBLIC ENTERPRISES IN SWAZILAND

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Abstract

Due to unemployment growth in the country, the nation is deeply concerned over the privatization program for public enterprises that took place in Swaziland recently. With this respect, this paper aims to provide an account of privatization policy and examine employees’ perception about the implementation of such policy in Swaziland. The study reveals that the privatization program in Swaziland has not been developed in isolation as a cure for all the economic problems in itself, but it forms part of the broader monetary, fiscal and social policies. Findings of the study also indicate that level of employees’ perception is low towards the implementation of privatization program in Swaziland. However, this research leads to the conclusion that privatization of public enterprises can be good for the economy of developing countries particularly Sub-Saharan African countries including Swaziland since most of public enterprises in Sub-Saharan Africa make losses which are financed by government, thus creating huge deficits.

Keywords: Privatization Policy, Public Enterprise, Swaziland

How to cite this paper: Kabir, M. H. (2013). Privatization of public enterprises in Swaziland. Corporate Ownership & Control, 10(2), 28-39. https://doi.org/10.22495/cocv10i2art3