State and non-state actors’ contribution to economic stability or instability of State-Owned Entities: a case study of South African Airways

Abstract

The state and non-state actors have always influenced the issues arising in society, particularly concerning state-owned entities (SOEs), economic stability, and instability. From having an influence within their national borders to the international scale, these actors are very pivotal agents that often seek to bring justice and better ordinary individuals' lives. Non-state actors such as multinational corporations and civil society organizations are some of those on the frontlines of fighting for economic emancipation, especially in less developed states. Yet, this is not always the case; in some instances, they can be noted as villains who would bring about the injustices themselves. Although their influence cuts across many sectors of society, the paper sought to discuss the contribution of these two actors, the state and the non-state actor, to the economic stability and/or instability of state-owned entities. From this premise, the paper adopted a qualitative method and case study approach for South African Airways (SAA) to understand the contribution of state and non-state entities to the financial stability or instability of SAA. Thus, the findings suggest that SOEs are affected by various direct and indirect interventions by both state and non-state actors, especially in their economic ambitions, which provide stability or instability in the entity. Hence, the paper concludes that the economic stability or instability of SOEs such as SAA is largely affected by the intervention of both state and non-state actors.