| dc.description.abstract | The term ‘state-owned entity’ (SOE) has no universal definition. ‘SOE’ refers to businesses founded by central and local governments and managed by government officials.1 An SOE can also be understood as a legal entity established by government to conduct commercial operations on behalf of the government. It is often entirely or partially owned by the government and is intended for a certain commercial activity.2 Globally, countries utilise SOEs to supply public goods, limit private sector and foreign control of the local economy, produce revenue for the fiscus, improve service delivery, and promote economic development and industrialisation.3 Thus, it is accurate to define SOEs as businesses that are sui generis in origin and are utilised by governments to either engage in the economy commercially, or to enable the government to offer services to its inhabitants. | en_US |
