IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-22031-1_14.html
   My bibliography  Save this book chapter

Banking and Finance, 1933–61

In: The South African Economy, 1910–90

Author

Listed:
  • Stuart Jones

    (University of the Witwatersrand)

  • André Müller

    (University of Port Elizabeth)

Abstract

The expansion that had been triggered by the rise in the gold price in 1933 continued with only slight interruptions until the Second World War and the inflation that accompanied it. After 1945 there was no postwar slump and deflation comparable to that after the First World War, and growth continued throughout this period, being only temporarily shaken by the National Party’s victory in 1948 and the flight of capital that accompanied it. Inflation was almost continuous in these years, but it was of a very mild form compared with what has happened since 1961. In 1961 the total assets of the commercial bankers were still well below a billion pounds. If the assets of the life insurance companies are included they amounted to approximately one billion pounds, and if the resources of the building societies are thrown in, the grand total amounted to around one-and-a-half billion pounds, massive by prewar standards, but small by those of 1990.

Suggested Citation

  • Stuart Jones & André Müller, 1992. "Banking and Finance, 1933–61," Palgrave Macmillan Books, in: The South African Economy, 1910–90, chapter 14, pages 199-211, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22031-1_14
    DOI: 10.1007/978-1-349-22031-1_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-22031-1_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.