What is privatisation?
Privatisation means transferring the control of an enterprise from the government sector to the private sector. It can be accomplished by sale or lease. It can be accomplished by the government selling 100% of an enterprise, or selling 51%, or even by selling a minority stake – so long as the private sector is given full managerial control. The government can raise money by selling some shares in state enterprises without transferring control to the private sector -but this is not privatisation as such .
