State Enterprises Investment Programme 2013

The State Enterprise Sector is comprised of fifty-six (56) companies, of which forty-five (45) are wholly owned, seven (7) are majority owned and four (4) in which Government has a minority shareholding.

These enterprises operate in the gas and oil industry, infrastructure development, banking and financial services, manufacturing, transport and communication, training and the provision of social services.

The number of wholly-owned companies increased by two (2) in 2012: the National Training Agency (1997) Limited was re-classified from being a Statutory Authority, and Government acquired Portfolio Credit Management Limited, one of Unit Trust Corporation’s subsidiaries as a wholly-owned company.

In fiscal 2011, Government’s equity holding in these enterprises totalled $7,988.6 million, and a ROCE of 8.48% was realised. The Sector also contributes to the economy through foreign exchange earnings, employment, dividend payments and taxes.

Source: Ministry of Finance

Date Published: 2012