Milner and the mind of imperialism
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Date
1979-02-26
Authors
Van Helten, Jean Jacques
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Abstract
Capitalist development in Southern Africa, particularly in Kimberley and on the Rand,
was very much the result of the penetration of British and foreign capital as well ac
the rapid growth of commercial interests. The continued expansion of the mining
industry, with its huge amounts of initial capital outlay, particularly after 1893
when the deep levels came into operation, depended upon the state of the capital
markets of Europe: speculative booms in "kaffir" shares not only lined the pockets
of investors but also provided new working capital, for little capital was raised by
the issue of debentures, (l).
Description
African Studies Seminar series. Paper presented 26 February 1979
Keywords
Imperialism. South Africa, Capitalism. South Africa