ABSTRACT
Corporatisation involves the internal reform of government owned corporations or government business enterprises (GBEs). The emphasis of corporatisation is to make the GBE operate more like a privately owned company. For example, corporatisation can be characterised as 'the reorganising of a government enterprise towards profit maximising/cost minimising production' (King 1992, p. 59). Similarly, full corporatisation converts a GBE 'into a firm which is as similar in terms of its objectives, incentives and sanctions to a private firm as is feasible while retaining the enterprise in government ownership' (Forsyth 1992, p. 20).
