The tax regime discourages corporatisation and therefore incentives should be provided to corporatise
the business instead of family owned small firms to move the economy up the value chain,' he added.
He said the Saudi government is part way through a programme to corporatise
many of its aviation assets, including all its airports.
In the year 1997, after suffering water issues for decades, Manila decided to corporatise
its Metropolitan Waterworks and Sewerage System ( MWSS).
Recently, the Post Office submitted an application for permission from the Central Bank which is the first step in permitting it to corporatise
its bank division.
Plans to corporatise
the "more complex" health care and education sectors ahead of potential privatisation at a later date are also being considered.
Internationally there are very few examples of such systems as the global push to privatise and corporatise
has relegated such a seemingly obvious and simple demand to the status of ambit claim.
South Africa's Telecommunications and Postal Services Minister Siyabonga Cwele says the process to corporatise
Post Bank is at an advanced state.
The bill to corporatise
semi government organisations, particularly the EAC, is an attempt to "circumvent the spirit and letter of the Constitution," he added as, "if adopted, it will give ruling powers legal coverage to dispose of the national assets at will and give them powers of the private sector.
Fourthly, Labour is committed to rebuilding the Ministry of Foreign Affairs and Trade, after the government's unfortunate experiment in trying to corporatise
The deputy minister of communications, Obed Bapela, said: "Since the finalisation of the Postbank Act, we are moving with speed to corporatise
the Postbank into a fully functional banking facility to cater for the needs of the poor.
Shaikh says: "The intention is to corporatise
but at the same time the access to finance direct from the market is cheaper than going to the banking sector".
She traces the way in which concern for housing as shelter gave way to concern for real estate as a means for creating wealth, and governments began to corporatise
and privatise various functions.