Matale explains Zambia’s privatisation ‘mess’
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Sunday, December 16, 2007 By Bivan Saluseki Sunday December 16, 2007 [03:00] ZAMBIA’S privatisation programme ranks as the biggest fraud in economic history, discloses former Zambia Privatisation Agency (ZPA) director James Matale. Matale served as director from November 1992 until he was fired in September 1994. He says the destruction of the public enterprises during the Chiluba regime that accounted for over 80 per cent of economic activity was an act of unprecedented vandalism. “It surpassed even the destructiveness of the definitive Attila the Hun. Zambia lost economic investments and assets accumulated over a period of 100 years,” he says....