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South Africa

In: Capital and Colonialism

Author

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  • Klas Rönnbäck

    (University of Gothenburg)

  • Oskar Broberg

    (University of Gothenburg)

Abstract

In this chapter, we study the return on investment in the companies operating in the area of current-day South Africa. The equity traded on the London Stock Exchange for companies operating in this region was primarily related to mining—diamond, gold and copper (but indirectly also through railways and utilities). The mining elite became influential politically, actively shaping the institutions of South Africa—and potentially also the geography of the British Empire. The aim of this chapter is to put our estimates for the return on investment in South Africa into proper historical context, and for that purpose, we draw heavily on previous research in the field. We also contribute with new estimates of the return on investment in South Africa over the century from 1869 to 1969, for a number of important companies as well as for different portfolios of investments.

Suggested Citation

  • Klas Rönnbäck & Oskar Broberg, 2019. "South Africa," Palgrave Studies in Economic History, in: Capital and Colonialism, chapter 11, pages 235-277, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-19711-7_11
    DOI: 10.1007/978-3-030-19711-7_11
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