how many state owned enterprises in south africa
State-owned enterprises of South Africa The Department of Public Enterprises minister has publicly stated that South Africaâ€™s SOEs should advance economic transformation, industrialization and import substitution. DPE has oversight responsibility in full or in part for six of the approximately 700 SOEs that exist at the national, provincial, and local levels: Alexkor (diamonds), Denel (military equipment), Eskom (electricity generation), South African Express Airways, South African Forestry Company (SAFCOL) (forestry), and Transnet (transportation). These six SOEs employ approximately 105,000 people. The SOEs share of the investment was 21% while private enterprise contributed 63% (government spending made up the remainder of 16%). The IMF estimates that the debt of the SOEs would add 13.5% to the overall national debt.[2]
South Africa The name "South Africa" is derived from the country's geographic location at the southern tip of Africa. Upon formation, the country was named the Union of South Africa in English, reflecting its origin from the unification of four formerly separate British colonies. Since 1961, the long form name in English has been the "Republic of South Africa". In Dutch, the country was named Republiek van Zuid-Afrika, replaced in 1983 by the Afrikaans Republiek van Suid-Afrika. Since 1994, the Republic has had an official name in each of its 11 official languages.
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