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Plagued by blackouts and high energy prices, South Africa's energy sector is on the edge of being privatised by President Cyril Ramaphosa. Question 12 (4
Plagued by blackouts and high energy prices, South Africa's energy sector is on the edge of being privatised by President Cyril Ramaphosa". Question 12 (4 Marks) Which of the following may be the primary reason for the privatization of South Africa's energy sector? A. To increase government control and influence in the economy. B. To reduce private sector participation and competition. C. To enhance efficiency, reduce government intervention, and raise capital. D. To establish a government monopoly in the energy sector. Question 13 (4 Marks) What school of economic thought does the decision to privatize the energy sector allude to? A. Keynesian economics B. Classical economics C. Behavioural economics D. Marxist economics
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