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State-owned Enterprises Of South Africa
In South Africa the Department of Public Enterprises is the shareholder representative of the South African Government with oversight responsibility for state-owned enterprises in key sectors. Some companies are not directly controlled by the Department of Public Enterprises, but by various other departments. Further, not all state owned entities are registered as companies. 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). The government's interest in these sectors often competes with and discourages foreign investment. The Department of Public Enterprises minister has publicly stated that South Africa's SOEs should advance economic transformation, industrialization and import substitution. DPE has oversight resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Following 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product (nominal) almost tripled to a peak of US$416 billion in 2011. In the same period, foreign exchange reserves increased from US$3 billion to nearly US$50 billion, creating a diversified economy with a growing and sizable middle class, within two decades of ending apartheid. Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US $13.5 billion, the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. In 2021, South Afric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Airways
South African Airways (SAA) is the flag carrier airline of South Africa. Founded in 1934, the airline is headquartered in Airways Park at O. R. Tambo International Airport in Johannesburg and operated a hub-and-spoke network, serving ten destinations in Africa. The carrier joined Star Alliance in , making it the first African carrier to sign with one of the three major airline alliances. The airline entered voluntary business rescue in December 2019 as a result of many years of financial losses, and suspended all operations the following year. In June 2021, the government announced that in an attempt to revive the airline, it had entered into a partnership with the Takatso Consortium, which would hold a 51% controlling stake. The South African Civil Aviation Authority confirmed on 4 August 2021 that SAA's air operator's certificate had been reissued with an approved fleet of eight aircraft. The airline restarted operations on 23 September 2021, despite not having concluded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richards Bay Industrial Development Zone
Richards may refer to: *Richards (surname) In places: * Richards, New South Wales, Australia * Richards, Missouri, United States * Richards, Texas Richards is an unincorporated community and census-designated place (CDP) in eastern Grimes County, Texas, United States. The community is located on Farm roads 1486 and 149. The Chicago, Rock Island and Pacific Railroad line passes the east sid ..., United States In other uses: * Richards (lunar crater), on the Moon {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gautrain
Gautrain is an higher-speed express commuter rail system in Gauteng, South Africa, which links Johannesburg, Pretoria, Kempton Park and O.R. Tambo International Airport. It takes 15 minutes to travel from Sandton to O.R. Tambo International Airport on the Gautrain and 35 minutes from Pretoria in Tshwane to Park Station in Johannesburg. The Gautrain has 10 stations. Buses, shuttles and midibus services are available to transport passengers to and from all stations excluding the O.R. Tambo International Airport Station. Background The Gautrain is mainly aimed at providing and optimising an integrated, innovative public transport system that enables and promotes the long-term sustainable economic growth of Gauteng. It is also part of a broader vision to industrialise and modernise the region, including a commitment towards creating and sustaining an integrated culture of public transport use. The Gautrain is implemented as a public–private partnership (PPP) in term ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rand Water
Rand Water, previously known as the Rand Water Board, is a South African water utility that supplies potable water to the Gauteng province and other areas of the country and is the largest water utility in Africa. The water is drawn from numerous sources and is purified and supplied to industry, mining and local municipalities and is also involved in sanitation of waste water. History The Witwatersrand sits on the South African Highveld and consists of mostly grasslands with summer rains with an average yearly of 784mm rainfall. The Witwatersrand ridge stretches for 96 km from east to west with rivers north of the ridge flowing to north into the Limpopo and into the Indian Ocean while the rivers south of the ridge flow south into the Vaal and Orange River and into the Atlantic Ocean. The rivers in the Witwatersrand tended to dry out in the winter and were therefore a poor source of water and semiarid with grasslands and soil more suitable for cattle and sheep farming prior to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council For Scientific And Industrial Research
The Council for Scientific and Industrial Research (CSIR) is South Africa's central and premier scientific research and development organisation. It was established by an act of parliament in 1945 and is situated on its own campus in the city of Pretoria. It is the largest research and development (R&D) organisation in Africa and accounts for about 10% of the entire African R&D budget. It has a staff of approximately 3,000 technical and scientific researchers, often working in multi-disciplinary teams. CSIR contract research and development Overview The CSIR contract R&D portfolio aims to enable clear understanding of national imperatives and the needs of industry to optimise the impact of the CSIR's R&D outputs. It leverages public, private and international partnerships in support of cutting-edge science, engineering and technology (SET).The organisation has clients in both the private sector (micro, small, medium and large enterprises; formal and informal), as well as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Road Accident Fund
The Road Accident Fund (RAF) is a South African state insurer that provides liability and collision insurance coverage to all drivers in South Africa . RAF does not cover property damage (such as damage to vehicles, buildings, and the contents of a vehicle). The RAF issues settlements by assigning the claimant a percentage of responsibility for the accident and paying the claimant the percentage of a full settlement that was determined not to be their responsibility. RAF collects insurance premiums through a levy on motor vehicle fuel. RAF Organizational overview Mandate The RAF was established by the Road Accident Fund Act, 1996 and started operation on 1 May 1997. It assumed the rights, obligations, assets and liabilities of the Multilateral Motor Vehicle Accidents Fund. The RAF is responsible for providing compulsory social insurance cover to all users of South African roads; to rehabilitate and compensate persons injured as a result of the negligent driving of motor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Sciences Research Council
The Human Sciences Research Council (HSRC) of South Africa is Africa's largest dedicated social science and humanities research agency and policy think tank. It primarily conducts large-scale, policy-relevant, social-scientific projects for public-sector users, for non governmental organisations and international development agencies in support of development nationally, in the Southern African Development Community (SADC) and in Africa. The HSRC also seeks to contribute to the research and development strategy of the HSRC's parent Department of Science and Technology, especially through its mission to focus on the contribution of science and technology to addressing poverty. The HSRC originates in the National Bureau of Education and Social Research (founded in 1929). In recent years the HSRC has undergone major restructuring, aligning its research activities and structures to South Africa's national development priorities: notably poverty reduction through economic devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies And Intellectual Property Commission
The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade and Industry in South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun .... The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service. History When the 2008 Companies Act came into effect on 1 May 2011, the CIPC was created from the merger of Companies and Intellectual Property Registration Office (CIPRO) and the Office of Company and Intellectual Property Enforcement (OCIPE). The first months of operation were marked by inefficiency, poor service and large backlogs as the organisation struggled to overcome the legacy of its dysfu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Protector
The Public Protector in South Africa is one of six independent state institutions set up by the country's Constitution to support and defend democracy. According to Section 181 of the Constitution: * These institutions are independent, and subject only to the Constitution and the law. According to the Constitution, they must be impartial and must exercise their powers and perform their functions without fear, favour or prejudice. * Other organs of state, through legislative and other measures, must assist and protect these institutions to ensure the independence, impartiality, dignity and effectiveness of these institutions. * No person or organ of state may interfere with the functioning of these institutions. * These institutions are accountable to the National Assembly, and must report on their activities and the performance of their functions to the Assembly at least once a year. Public Protectors The first person to hold the office was Selby Baqwa, appointed on the incepti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electoral Commission Of South Africa
The Electoral Commission of South Africa (often referred to as the Independent Electoral Commission or IEC) is South Africa's election management body, an independent organisation established under chapter nine of the Constitution. It conducts elections to the National Assembly, provincial legislatures and municipal councils. An interim Electoral Commission was created in 1993 to manage the first non-racial election of the national and provincial legislatures, which was held on 26 to 29 April 1994. The permanent Electoral Commission was established on 17 October 1996. The Commission has been chaired by Johann Kriegler (1997–1999), Brigalia Bam (1999–2011), Pansy Tlakula (2011–2014), and Glen Mashinini (2015–present). History Interim Independent Electoral Commission Under the apartheid government, elections in South Africa were administered by the Department of Home Affairs, under the Electoral Act of 1979. Election management was only devolved to an independent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan Guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Private loan guarantees There are two main types: # Guarantor mortgages # Unsecured guarantor loan Guarantor mortgages Popular with young borrowers who do not have a large deposit saved and need to borrow up to 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default. There are three main types # Guarantor Mortgage – generally, a parent or close family member will guarantee the mortgage debt and will cover the repayment obligations should the borrower default. # Family offset mortgage – typically, a parent or grandparent will put their savings into an account linked to the borrower’s mortgage. They do not get any intere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
