The expansion of black business into the South African economy with specific reference to the initiatives of the national African federated chamber of commerce in the 1970s
Date
2015-04-23
Authors
Keeble, Sheila May Suzan
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Abstract
Before the mid 1970s African business development was
severely limited by Government legislation. This restriction
resulted in a dependent African entrepreneurial class unable
to compete with White business.
The National African Chamber of Commerce (NACOC) formed in
1964 and the National African Federated Chamber of Commerce
(NAFCOC), which evolved from this organisation in 1969, were
established by Black businessmen who united to fight this
restrictive legislation. By the mid 1970s they were in a
position, as a strong, united, national commercial body, to
press for changes and to initiate business ventures which
gained them a place in the South African economy.