South African Multinational Corporations In africa. Trends in 2013/2014.

During the 1970’s and the 1980s South African companies, at a time when their profits were declining in South Africa, also faced resistance from a rising working class in South Africa as well as from newly independent countries in the Southern African region. They realised how dependent they are on the region and set out to overcome this resistance. That they have achieved this through legitimising the South African state is undeniable. In earlier publications the LRS has argued that South African capital spurred on the movement towards a negotiated transition to end apartheid for securing its own long term interests in South Africa and through this, its interests in the region as a whole not just for quick financial gain but for ensuring long term stability in the region for capital accumulation.

Taal, Michelle. (2014).  South African Multinational Corporations In africa. Trends in 2013/2014.Johannesburg/Cape Town: FES/LRS