Question

Name a form of ownership that is represented by the South African Broadcasting Corporation (SABC) and outline Four characteristics of this form of ownership

Answer 1

Answer:

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Answer 2

The state-owned company is represented by the South African Broadcasting Corporation (SABC).

1. The South African Broadcasting Corporation (SABC) is both a state-owned company and also a public announcer.

2. The characteristics of a state-owned company are-

# Financing from State Resources:

State enterprises or state-owned companies are bankrolled by the government. Either the wholesome or most of the investment that is made is done by the government.

# Monopoly Enterprises:

In many cases, these business enterprises are determined as monopoly enterprises. The private sector is prohibited to cross that line. Railways, production, coal mining, distribution, etc. all come under monopoly enterprises.

# Service Objectives:

The main objective of these state enterprises is not to gain only profits but to provide a better service to the public, the community, and society.

# Autonomous or Semi-Autonomous Bodies:

Public business enterprises are usually autonomous or semi-autonomous bodies. In a few cases, they put labor under the jurisdiction of government sectors and in many cases, they are set up under formal status and also under the Companies Act.

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