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JOHANNESBURG WATER STATE-OWNED COMPANY Registration No: 2000/029271/301|Page2019/20 Midyear Report Approved: 14 January 2020(In terms of Section 121 of the Municipal Finance Management Act, No.56
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01
Obtain all the necessary legal documentation and permits required to establish a state-owned company.
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Determine the specific objectives and goals of the state-owned company.
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Register the state-owned company with the relevant government authorities.
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Set up a board of directors and appoint key management personnel.
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Secure the necessary funding and capital for the company's operations.
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Establish appropriate governance and accountability mechanisms.
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Recruit and hire qualified employees to fulfill the company's operational needs.
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Comply with all legal and regulatory requirements applicable to state-owned companies.
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Continuously monitor and evaluate the company's performance and make necessary adjustments to ensure its success.

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State-owned companies are often established and needed by governments to pursue specific strategic objectives or public policy initiatives.
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State-owned companies can be utilized to promote economic development, provide essential services to the public, ensure national security, or generate revenue for the government.
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They are also beneficial in certain industries where private sector investments may be limited or where public control is deemed necessary to protect public interest.
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A state-owned company is a company in which the government holds a majority stake or full control.
State-owned companies are required to file reports with the government or relevant regulatory authorities.
State-owned companies typically fill out forms or reports provided by the government or regulatory authorities.
The purpose of a state-owned company is typically to provide goods or services deemed to be of national importance or strategic value.
Information such as financial performance, governance structure, and compliance with regulations may need to be reported for state-owned companies.
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