In South Africa, the number of SOEs has been on the rise in recent years. As of 2016, there were over 70 SOEs in operation. This is up from just over 50 in 201 The increase in SOEs has been attributed to a number of factors, including the country’s economic growth and the government’s commitment to promoting black economic empowerment.
The Impact of SOEs on the South African Economy
There are a number of state-owned enterprises (SOEs) in South Africa which have a significant impact on the economy. These include Transnet, Eskom and Denel. These SOEs contribute significantly to GDP, employment and infrastructure development.
However, there has been criticism of some SOEs in recent years, with allegations of corruption and inefficiency. This has led to calls for reform or privatisation of some of these organisations.
There is no doubt that the SOEs are important players in the South African economy and their impact is noteworthy. However, there is a need for improved governance and oversight to ensure that they operate efficiently and in the best interests of the country.
