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 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.
how many state owned enterprises in south africa
approximately 700