state owned enterprises (soes)
TRANSCRIPT
State Owned Enterprises (SOEs)
Definition of SOEs
A state-owned Enterprise is a legal entity that undertakes
commercial activitieson behalf of an
owner government.
From Wikipedia, the free encyclopedia
Status of SOEs The legal status of SOEs varies from being a part of the government to being stock companies with the state as a regular stockholder. The defining characteristics of SOEs are that they have a distinct legal form and are established to operate in commercial affairs. Government-owned corporations are common with natural monopolies and infrastructure, such as railways and telecommunications, strategic goods and services (mail, weapons), natural resources and energy, politically sensitive business, broadcasting, demerit goods (alcohol), and merit goods (healthcare). From Wikipedia, the free encyclopedia
Economic sectors SOEs often operate in sectors in which there is a natural monopoly, or the government has a strategic interest. Nationalization also forcibly converts a private corporation into a state-owned enterprise.
From Wikipedia, the free encyclopedia
State owned enterprises are also called
state-owned companystate-owned entity
state enterprisepublicly owned corporation
government business enterprisecrown corporation
government-owned corporationcommercial government agency
public sector undertakingparastatal
From Wikipedia, the free encyclopedia
State-Owned Enterprises by Country
State-Owned Enterprises by Sector
State Owned Companies in South Africa
SOCs are created by Government and are companies in which the State may be a major or majority shareholder e.g. Telkom. They operate the State’s commercial affairs, often with public policy objectives, and at their core, are required to deliver on the objectives of the State. The purpose of the shareholder is broadly defined as one of management, monitoring the performance of SOCs and ensuring that national policy is executed at SOC level. Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
The Department of Public Enterprises in context The DPE is the State’s Strategic Shareholder and plays a critical role in driving national policy. The figure below highlights a conceptual process of how national policy is required to be translated by the DPE, prior to being executed upon by its SOCs.
Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
The Department of Public Enterprises operates a number of programmes to align, integrate and oversee related activities, and to benefit from synergies between the State Owned Companies
Transnet
Transnet is a public company wholly-owned by government. It is the largest and most crucial part of the freight logistics chain that delivers goods to each and every South African.
South African Express South African Express was founded on the eve of the new democratic South Africa on 24 April 1994.
Eskom Eskom is the world’s eleventh-largest power utility in terms of generating capacity, ranks ninth in terms of sales, and boasts the world's largest dry-cooling power station.
Denel
Denel (Pty) Limited is the largest manufacturer of defence equipment in South Africa and operates in the military aerospace and landward defence environment.
SAFCOL
South African Forestry Company (SAFCOL) is the Government's forestry company, conducting timber harvesting, timber processing and related activities both domestically and internationally.
Alexkor
The core business of Alexkor is the mining of diamonds on land, along rivers, on beaches and in the sea along the north-west coast of South Africa.
On the path to SOC sustainability By setting SOCs on a path to financial sustainability, the DPE will positively impact South Africa’s economy by ensuring the delivery of key services (i.e. Eskom and Transnet), economic growth and subsequently contribute to stabilising the economy.
Financial sustainability of SOC such as Denel, Alexkor, SAX and SAFCOL remains crucial as these SOC operate within the productive sectors of the economy. Their financial and operational performance is critical for certain sectors e.g. construction for SAFCOL.
The collective Asset Value for the DPE‟s SOCs is over R755bn, with Eskom and Transnet accounting for R745bn, ~98% of this value. Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
The companies within the DPE portfolio, in particular, are performing far below expectation and their constrained ability to recover their investment places huge strain on national investment rates. Furthermore, the sheer size of Eskom and Transnet’s asset base significantly reduce the average ROE, painting a bleak investment return
picture across the portfolio.
Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
The SOCs reporting to the DPE and DPE Programmes
Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
DPE Strategy: three-phased approach
Department of Public Enterprises Strategic Plan 2015/16 – 2018/19
SOEs: Company Reports
Other South African SOEs
Journal articles on SOEsAfrica first!: South African state owned enterprises in AfricaCorporate Authors: South Africa. Dept. of Public EnterprisesSource: [Pretoria: Dept. of Public Enterprises, 2004]- ; v.: col. ill., col maps 21 cm.An Analysis of Board Attributes That Contribute to Decision Quality in State-Owned Companies in South AfricaAuthor: Msweli, Pumela; Singh, ShamilaSource: Problems and Perspectives in Management, 2014, v. 12, iss. 2, pp. 86-93Assessing the Impact of Transnet's and Eskom's Infrastructure Investment Programmes on the Capital Goods SectorAuthor: Lydall, MarianSource: Development Southern Africa, September 2009, v. 26, iss. 3, pp. 429-46Banking on development: SOEs - case study; SOEs in the spotlight: SOEs - research survey overviewContributors:Aldridge, M. and Watkins, D.Source: Professional Management ReviewVol. 16, Iss 6, , Jun, Winter, 2004Boldly, towards a new era: government; Man of the moment: SOEContributors: Periera, V.Source: Professional Management ReviewVol. 26, Iss 90042, , Oct, 2, 2000Building blocks of innovation within a state-owned enterprise. Part 1Contributors: Van Zyl, B.; Roodt, G. and Coetsee, J.Source: SA journal of human resource managementVol. 3, Iss 2, , Dec, 4th Quarter, 2005
Committed to quality service: government; Becoming world class: GEPF; Denel dynamics drive it forward: state-owned enterprisesContributors: Butcher, C., and Pereira, V. Source: Professional Management ReviewVol. 26, Iss 3, , Jan, Autumn, 2001Denel SOC Ltd.Source: Denel SOC Ltd MarketLine Company Profile. 12/8/2014, p1-24. 24p.Dereliction of duty: editor's note; Time to stand up and be counted; SAA should be allowed to fly free: editorialsContributors: Mthombothi, B.Source: Financial MailVol. 203, Iss 3, , Oct 2, Spring, 2009Erwin lines up his team - state-owned enterprises; DTI policy review aims to give authorities sharper teeth - competition law: businessContributors: Singh, S. and Paton, C.Source: Financial MailVol. 181, Iss 3, , Apr 22, Autumn, 2005Eskom Holdings SOC Limited SWOT Analysis.Source: Eskom Holdings SOC Limited SWOT Analysis. 02/01/2015, p1-7. 7p.Eskom Holdings SOC Limited.Source: Eskom Holdings SOC Limited MarketLine Company Profile. 2/14/2014, p1-30. 30p.Eskom Holdings SOC Limited.Source: Eskom Holdings SOC Limited MarketLine Company Profile. 2/29/2016, p1-30. 31p.Forecasting electricity demand in South Africa: a critique of eskom's projections.Authors: Inglesi, Roula1 [email protected] and Pouris, Anastassios2
Source: South African Journal of Science. Jan/Feb2010, Vol. 106 Issue 1/2, p50-53. 4p. 2 Charts, 3 Graphs.Governing state-owned enterprises: company lawContributors: Bouwman, N.Source: Without prejudice: South Africa's corporate legal magazineVol. 10, Iss 11, , Dec, Spring, 2010
Lean versus developmental - state-owned enterprises: openersContributors: Lund, T.Source: Finweek [English]Vol. 196, Iss 9, , May 29, Part 2, 2008Macroeconomic Impact of Eskom's Six-Year Capital Investment ProgrammeAuthor: Seymore, Reyno; Akanbi, Olusegun A.; Abedian, IrajSource: South African Journal of Economic and Management Sciences, N.S., 2012, v. 15, iss. 2, pp. 142-70Management and leadership development for women in public sector and state owned enterprises: gender equitySource: Government DigestVol. 23, Iss 10, , May, Summer, 2004Managing state-owned companies: a French perspective (Mentions new visions of the South African Department of Public Enterprises (DPE) regarding productivity and transformation in local SOCs)Contributors: Sutherland, C.Source: Accountancy S A30-31, Sep, 2012Rearranging the deck chairs: state-owned enterprises; Rocking the boat: profile: Tom Dale: openersContributors: Lund, T. and Schumacher, I.Source: Finweek [English]Apr 2, 2009Reflections on South Africa's restructuring of state-owned enterprisesContributors: Mostert, CheslynSource: South Africa, Johannesburg: Friedrich Ebert Stiftung, 2002 (March) ; 68 p.. 13p.Reforming state-owned enterprises in South AfricaContributors: Kamdar, MahomedSource: New agenda Vol. 33, Iss 6, , Dec, Summer, 2002Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countriesAuthor: Li, Ming Hua; Cui, Lin; Lu, JiangyongSource: Journal of International Business Studies Vol 45, Iss 8, Oct/Nov 2014, pp 980-1004.
Overcoming distrust: How state-owned enterprises adapt their foreign entries to institutional pressures abroadAuthor: Meyer, Klaus E; Ding, Yuan; Li, Jing; Zhang, HuaSource: Journal of International Business Studies Vol 45, Iss 8, Oct/Nov 2014, pp 1005-1028The potential of corporate environmental responsibility of Chinese state-owned enterprises in AfricaAuthor: Tan-mullins, May; Mohan, GilesSource: Environment, Development and Sustainability Vol 15, Iss2, Apr 2013, pp 265-284Governance at South African state-owned enterprises: what do annual reports and the print media tell us?Author: Thomas, AdèleSource: Social Responsibility Journal Vol 8, Iss 4, 2012, pp 448-470.Clarity needed on the treatment of state-owned entities in the Companies Bill : company lawAuthors: Johnson, V & Helman, L.Source: Without prejudice: South Africa's corporate legal magazine Vol 7 Issu 5, 2007 pp 11-12.Debate needed - establishment of a state-owned construction company : government perspectiveSource: IMIESA Vol 37 Iss 10, pp 12-13, 2012 Title: The regulation of preferential procurement in state-owned enterprisesAuthor: Bolton PhoebeSource: Tydskrif vir die Suid-Afrikaanse Reg Iss 1, 2010, pp 101-118.Business process management in government and state owned enterprisesSource: Management Today Vol b29, Iss 6, 2011, p 54Internal audit in state-owned enterprises : perceptions, expectations and challengesAuthors: Radasi P, Barac, KSource: Southern African Journal of Accountability and Auditing Research Vol 17 Iss 2, 2015, pp 95-106.State-owned enterprises on the global business stage : whither the South African owner-publics?Authors: Tsheola, Johannes; Ledwaba, Matshidiso; Nembambula, PhophiSource: Politeia Vol 32, Iss 2, 2013, pp 20-36.
Information on the Internet
Corporate Governance in Africa’s State-owned Enterprises: Perspectives on an Evolving SystemTerence Corrigan
by Lynne Brown, Minister of Public Enterprises
Acting Director-General, Ms Matsietsi Mokholo on plans to improve the face of State Owned Companies
Corporate Governance of State-Owned Enterprises in Southern Africa
Pinterest Board: State owned enterprises in South Africacreated by the Unisa Library CEMS Team
Articles found in the Credo Reference database
state enterprise in Routledge Dictionary of Economicsstate-owned and individual enterprises with profits distributed as dividends....Public sector in Reader's Guide to the Social SciencesState-owned Enterprises, Melrose, Massachusetts: Ballinger, 1986. ... W., “The Comparative Efficiency of State-Owned Enterprise” in Multi-National Corporations and State-Owned Enterprises: A New...1853 words from RoutledgePublic ownership in Reader's Guide to the Social SciencesState-Owned Enterprises” in Privatizations and State-Owned Enterprises: Lessons from the United States, Great Britain and Canada, edited by MacAvoy, Paul W. et al., Boston...1293 words from Routledge
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Video’s and Presentations on SOEs
Presentation compiled by the Unisa Library CEMS Team
25 April 2016
