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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Savings and Investment: Ownership and Control in South Africa
Author:Kantor, Brian
Periodical:South Africa International
Geographic term:South Africa
Subjects:economic concentration
Economics and Trade
Abstract:This paper examines the process of savings and investment in South Africa. As a first step the relationship over the past 20 years between savers and the financial intermediaries that act on their behalf is closely considered. Then the paper explains the forces at work influencing the structure of ownership and control of South African corporations listed on the Johannesburg Stock Exchange (JSE) and the contribution the system of control makes to the economy. As is identified in greater detail, control over the activities of most of the major corporations listed on the JSE is exercised by one or other of six identifiable alliances of industrial, commercial, mining and financial service companies which are known as groups. The role of the groups, specifically the question of whether they should be tolerated, encouraged or disencouraged by policy, has now become one of the most important economic issues facing the new South Africa. Notes, sum.