Prices, Investment and Efficiency on the Railways: A Sectoral Review of Efficiencies in Administered Pricing in South Africa
There has been little change to the operational structure of the South African rail industry over the past century. It remains a state-owned monopoly, run as a division of the same entity that houses the ports. Despite attempts to introduce greater commercial discipline in the 1980s, the industry is still only intermittently profitable and seems…
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