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Further, not all state owned entities are registered as companies. State-owned enterprises play a significant role in the South African economy . In key sectors such as electricity, transport (air, rail, freight, and pipelines), and telecommunications, SOEs play a lead role, often defined by law, although limited competition is allowed in some ...
The Public Investment Corporation (PIC) is a South African state-owned entity (SOC [1]) with R2.548 trillion (USD 148 Billion) of assets under management as of 31 March 2022. [2] It is Africa's largest asset manager. [3]
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
Logos of state-owned enterprises of South Africa (17 F) D. Denel (1 C, 35 P) S. South African Airways (1 C, 6 P, 1 F) T. Transnet (11 P)
Other corporate entities not under the Department of Public Enterprises include the South African Post Office, the South African Broadcasting Corporation, the South African Bureau of Standards, the Council for Scientific and Industrial Research and Sentech. Various other smaller state-owned companies exist in South Africa.
"Crucial state-owned entities such as national power utility Eskom and freight rail and port authority Transnet will now be under the management of the energy and transport ministries respectively.
High levels of corruption, maladministration and mismanagement, largely associated with the presidency of Jacob Zuma, were blamed for the fall in the state owned enterprise's ability to provide basic rail passenger transport services. [4] These issues were investigated by the Public Protector of South Africa. [5]
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.