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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 ...
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)
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]
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.
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.
Eskom represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, [2] [3] and was among the top utilities in the world in terms of generation capacity and sales. It is the largest of South Africa's state owned enterprises.
Location of South Africa. South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation. The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country.