SA marks time on privatisation.The South African government has blown the time-out whistle on the much vaunted vaunt v. vaunt·ed, vaunt·ing, vaunts v.tr. To speak boastfully of; brag about. v.intr. To speak boastfully; brag. See Synonyms at boast1. n. 1. sale of prime state assets. Telecommunications provider Telkom is delaying its promised 2001 listing because of 'weak market conditions'. It's now looking at a February 2002 restart. It says the delay will also give it time to launch an awareness campaign to encourage retail investors Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. , and create a regulatory framework for fixed line competition. Also on the back burner Noun 1. back burner - reduced priority; "dozens of cases were put on the back burner" precedence, precedency, priority - status established in order of importance or urgency; "... is the sale of electricity giant Eskom, due for sale this year. The power provider will now not come up for sale until at least 2007, dashing hopes Noun 1. dashing hopes - an act (or failure to act) that disappoints someone disappointment failure - an unexpected omission; "he resented my failure to return his call"; "the mechanic's failure to check the brakes" of private power producers (PPPs) wanting to participate in South Africa's electricity generation and distribution. |
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