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

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.