THE South African Communist Party (SACP), which is part of the ruling alliance in government, cautioned on Sunday against rushing ahead with privatisations. The government hopes to raise 18 billion rand from the proceeds of the sale of state assets in the 2001/02 fiscal year, led by an initial public offering for telecoms utility Telkom, slated for the fourth quarter of this year. “The Central Committee warned against hasty restructuring, and the temptation to bypass negotiation,” the party said in a statement following a two-day Central Committee meeting. It also called for a “comprehensive review of theachievements, shortcomings, and lessons to be learnt from the restructuring that has taken place so far,” it said. – Reuters
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