Name a form of ownership that is represented by the South African broadcasting corporation (sABC) and outline four characteristics of this form of ownership

The form of ownership that is represented by the South African broadcasting corporation (sABC) is a public enterprise or state owned enterprise.

The characteristics of this firm of ownership include:

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State-Owned Enterprise (SOE)

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.

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