“South Africa is set to become a major player in the economy of Zambia, according to figures recently released by the Zambia Investment Centre in Lusaka. Investment pledges have reached up to US$180 million, easily passing those of Britain, which has US$123 million in the country. In
November alone, Zambia documented investment
pledges of US$75 million – a record since Lusaka began its investment promotion scheme. That such events have occurred may be readily explained by a combination of two factors: the lifting of trade restrictions on South Africa following the demise of
apartheid; and the rapid and successful privatisation of Zambian state enterprises under President Frederick Chiluba. It is this privatisation programme that will be examined here.”
