forestry privatization in south africa saurav ganguly yawned sleepily and looked at his watch it was 1 30am looking around the hotel room he spotted a clock 9 30pm rubbed eyes checked again suddenly realized still on indian standard time long flight from mumbai exhausted hit bed hoping to tie up matter johannesburg for mid september 2001 there were just few weeks left before due date bid submission point when african timber company limited sat opened its data government of republic offering majority shareholding 75 one largest plantation companies proposed sale ownership land which assets situated not be transferred instead leases licenses governing use harvesting wood all re afforestation requirements would granted acquirer ceo cooling towers india ltd ctil flew into kolkata along with executives investment bankers