Answer:
State-Owned Enterprise (SOE)
Step-by-step explanation:
South African broadcasting corporation (SABC) is a form of a state-owned enterprise. Characteristics of a state-owned enterprise include,
1. Financing
The government funds State-owned enterprises. It means that state corporations such as SABC are founded and run using public funds. A corporation is state-owned when fully financed by the government or where the state is the majority shareholder.
2. Managed by The Government
Government appointees manage State-owned enterprises. In some cases, state corporations are controlled and report directly to a government department.
3. Service objectives
A majority of state opened enterprises are formed to offer a specific service to the public. Although they have profit objectives, they differ from private enterprises in that the later are formed primarily for-profit motives.
4. Monopoly tendencies
Many state-owned corporations tend to operate as monopolies. They dominate the industry while denying or restricting private sector participation.