The South African Economy: Coping with the Legacy of Apartheid
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Case Code: ECON018 Case Length: 19 Pages Period: 1994-2007 Pub Date: 2007 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : South Africa Themes: Corporate Social Responsibility |
Abstract Case Intro 1 Case Intro 2 Excerpts
Background Note
According to archeologists, South Africa had been inhabited by humans for thousands of years. Farming communities began settling along what later came to be called Limpopo river as early as in the 2nd Century. The first records of Europeans reaching the shores of present day South Africa date back to the 15th Century. In 1485, Batholemeu Dias, a Portuguese explorer who was trying to find a sea route to India, circumnavigated the South African cape. He named it Cabo do Boa Esperanca or Cape of Good Hope. The Dutch East India Company6 set up a provision station in Table Bay (Cape Town) for passing ships in 1652. Beginning in 1657, the company authorities alloted arable lands in the region around Cape Town (also referred to as Cape colony) to some of its employees who were freed from service to pursue farming. In this period, slaves were brought from Benin and Sulaweisi (Indonesia) to work on the farms. By the 1700s, the Dutch farmers (referred to as trekboers) began spreading to the interior regions of South Africa. As a result, the natives were ousted from their lands...
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