South Africa has been ruled by a small elite of White men through cartels which also control the politics in the country through coercion says Mxolisi KaNkomonde
Cecil Rhodes and his De Beers mercenary organisation created the initial model of cartels in South
Africa using a monopoly on violence to attain a diamond cartel which later became a weapon for
political power in the Cape Colony.
After the death of Cecil Rhodes a man called Ernest Oppenheimer, with the help of the Rothschilds, managed to take over De Beers and later formed Anglo American in 1921 which would run a cartel in diamonds and precious metals until the early years of apartheid.
Anglo American used its dominance in South African economy to buy significant shares in almost
every sector in the economy when international capital fled the evil regime after the Sharpeville
Massacre. Between 1961 and 1999, a South African would buy everything from maize to industrial
machines to cars from the many companies in which Anglo American had significant shares.
The apartheid regime created state owned cartels in transport,heavy industry and mining to uplift
the Afrikaner population since 68% of this population was working class and poor in comparison to the English and Jews.
These state monopolies would industrialise South Africa over a 40yr period under a
policy of racist socialism exclusively for the white minority.The apartheid regime used the same
racist policies inherited from the British to create a huge surplus for Afrikaners as a group by paying slave wages to the majority Black population which created massive wealth for the British in the colonial era.
When it became apparent that white minority rule was unsustainable, the Afrikaner and British elite
closed rank and decided to prepare for a black majority government They then joined forces and
created new cartels in the economy to keep economic power within the white minority.
During the transition to black majority government the threat of nationalisation of
mines,banks and strategic sectors of the economy remained a great threat to white minority rule.
Anglo American and Afrikaner elite hatched an idea to lure “liberal” elements among blacks into the “free market” system which had become dominant after the collapse of the Soviet Union.These
“liberal” blacks were in the upper echelons of various organisations with ANC having the greatest
The white eilte together with the black elite would later create Black Economic
Empowerment (BEE) led by Marinus Daling from Sanlam which was another monopoly controlled by Afrikaners.
BEE would later be used as a motivation to privatise state controlled monopolies which were the back bone of Afrikaner nationalism but in reality these state owned firms would end up with the same private cartels which controlled apartheid and colonialism in the private sector.,
In 1994 Anglo American,Rembrandt,Sanlam,Libe
The British and Afrikaner owned cartels in the economy transferred shares to black political elite
using union pension funds and state investment funds as collateral for massive loans later dubbed
BEE.These cartels going back to early 1900s have remained part and parcel of South Africa that the World Bank in February 2016 came to a conclusion that part of the poverty, unemployment and
inequality problem is due to their prevalence.
As Cecil Rhodes said “The native is to be treated as a child and denied the franchise” the policy has remained intact since Glen Grey Act of 1894 where blacks remain children whether as employees or gloried managers called BEE shareholders.