South African State Corporations: 'The Death Knell of Economic Colonialism'?

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Periodical article

Title:	South African State Corporations: 'The Death Knell of Economic Colonialism'?
Author:	Clark, Nancy
Year:	1987
Periodical:	Journal of Southern African Studies
Volume:	14
Issue:	1
Period:	October
Pages:	99-122
Language:	English
Geographic term:	South Africa
Subjects:	foreign enterprises public enterprises Politics and Government Economics and Trade
External link:	https://www.jstor.org/stable/2636698
Abstract:	State corporations have generally been characterized in South Africa as the antagonists of foreign business. The author argues that the State corporations Escom (1923) and Iscor (1928), both established in order to promote local industrialization and, consequently, the interests of the white community, were not antagonistic to foreign capital - nor were they shy of using cheap black labour rather than 'civilized' labour - but that their very survival and success depended on the extensive utilization of both. She describes how both corporations had to struggle for acquiring control over the market and that they did not so much challenge private capital, but rather provided a growing link between the State and the private sector. Notes, ref.