ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From State to Market and Back Again

In South Africa the 'standard model' of restructuring was seriously considered but later rejected. This paper identifies the main drivers of reform, chronologically describes the process, examines the interests of different stakeholders, and summarises the outcomes of reform. The conclusion reflects on the reasons why the state is once again playing a leading role in the power sector in South Africa and other developing countries.

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