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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 sectors (i.e., telecommunications and air).
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.
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. [1] [2] Its economy is the largest in Africa ...
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)
South African Post Office (SA Post Office) is the national postal service of South Africa and as a state owned enterprise, its only shareholder is the South African government. In terms of South African law, the Post Office is the only entity that is legally allowed to accept reserved mail, and as such, it operates a monopoly. [ 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.
Airports Company of South Africa Limited (ACSA) is a majority (94.6%) state-owned South African airport management company. Founded in 1993, ACSA operates nine of South Africa's airports. [ 2 ] The company is headquartered at Aviation Park, Western Precinct Building, situated at O.R. Tambo International Airport in Kempton Park, Gauteng , South ...
The economy of South Africa is the largest economy in Africa, it is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 29 ] [ 30 ] [ 31 ] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 32 ]