Privatisation refers to the process of transferring the ownership and control of public corporations or services to private individuals or companies. This is often done with the goal of increasing efficiency in the operations of these corporations, as private companies are typically seen as being more competitive and profit-driven, which can lead to:

• Better management and more effective allocation of resources.

• Cost reduction and improved service delivery.

In many cases, governments privatise public corporations to reduce the financial burden on the state and improve their performance.