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A state-owned company is a new form of a company which was introduced by and must be registered in terms of the 2008 Act, and which either falls within the meaning of "state-owned enterprise," in terms of the Public Finance Management Act, [11] or is owned by a municipality, as contemplated in the Local Government: Municipal Systems Act, [12 ...
In 1994, the first King report on corporate governance (King 1) was published, the first corporate governance code for South Africa. It established recommended standards of conduct for boards and directors of listed companies, banks, and certain state-owned enterprises.
The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade, Industry and Competition in South Africa. [1] The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) [2] as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service.
Manages air traffic and navigation within South Africa and part of the Southern Indian and Atlantic Oceans R1.673bn [17] R0.067bn Fully state owned 1993 Airports Company South Africa (ACSA) Airport management: Owner and operator of major airports. 3,110 R2.86bn R0.23bn 74.6% state owned 1993 Alexkor: Mining: Diamond mining. 859 [18] R0.2bn [18 ...
The word "incumbent" is derived from the Latin verb incumbere, literally meaning "to lean or lay upon" with the present participle stem incumbent-, "leaning a variant of encumber, [1] while encumber is derived from the root cumber, [2] most appropriately defined: "To occupy obstructively or inconveniently; to block fill up with what hinders freedom of motion or action; to burden, load."
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 ...
General Rudzani Maphwanya SM MMM (born 23 November 1960) [1] is a South African military commander who served as Chief of Joint Operations from 2019 till May 2021. He was appointed Chief of the South African National Defence Force (SANDF) on 1 June 2021.
An incumbent local exchange carrier (ILEC) is a local telephone company which held the regional monopoly on landline service before the market was opened to competitive local exchange carriers, or the corporate successor of such a firm.