For the financial year under review the Department has been responsible for nine state-owned enterprises listed in schedule 2 of the Public Finance Management Act (Act 1 of 1999). These are Alexkor, Broadband Infrastructure Company (InfraCo), Denel, Eskom, Pebble Bed Modular Reactor (PBMR) (Pty), Safcol, South African Airways (SAA), South African Express and Transnet. The Department's overall objectives are to provide an effective state-owned enterprise shareholder management system and to support and promote economic efficiency within each of the state-owned enterprises.