South Africa

  • Klas RönnbäckEmail author
  • Oskar Broberg
Part of the Palgrave Studies in Economic History book series (PEHS)


In this chapter, we study the return on investment in the companies operating in the area of current-day South Africa. The equity traded on the London Stock Exchange for companies operating in this region was primarily related to mining—diamond, gold and copper (but indirectly also through railways and utilities). The mining elite became influential politically, actively shaping the institutions of South Africa—and potentially also the geography of the British Empire. The aim of this chapter is to put our estimates for the return on investment in South Africa into proper historical context, and for that purpose, we draw heavily on previous research in the field. We also contribute with new estimates of the return on investment in South Africa over the century from 1869 to 1969, for a number of important companies as well as for different portfolios of investments.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of Economy and SocietyUniversity of GothenburgGothenburgSweden

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