Go north young man! (South African firms flock to the north to establish new concessions or take over run-down enterprises) (The South Africans are coming!, part 1) (Cover Story)
African Business › Nbr. 1994, January 1994
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Summary
Large mining firms based in South Africa are scrambling to set up operations in other countries in the continent, primarily in West Africa. These South African mining giants either establish new concessions or take over losing enterprises. South African investors are hailed by other African countries as their saviours, since European and American capitalists are focused on Eastern and Central Europe.
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Extract
Go north young man! (South African firms flock to the north to establish new concessions or take over run-down enterprises) (The South Africans are coming!, part 1) (Cover Story)
The South African mining giants have wasted no time in establishing themselves in African countries. They have been scooping up concession after concession, mainly in West Africa. John Owusu has been following the headlong northern rush of the S. African giants.
From the small scale cereal farmer in Bloomfontein, the spare parts dealer in Durban to the big time miner in Witwatersrand, the South African businessman has now begun to...See the full content of this document
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