Business, State and Society in the Western Cape from 1960 to 1990
BUSINESS, STATE AND SOCIETY IN THE WESTERN CAPE FROM 1960 TO 1990 Thesis submitted in fulfilment of the requirements for the degree of DOCTOR PHILOSOPHIAE Faculty of Business and Economic Sciences Nelson Mandela Metropolitan University By ROBERT JAMESON WOOD Student Number: 210252758 January 2014 SUPERVISORS: PROFESSOR R.J. HAINES PROFESSOR HENDRIK LLOYD ABSTRACT This research examines the relationship between business, the state and society in South Africa -- particularly the Western Cape -- over the period from 1960 to 1990, viewed against the background of economic conditions in this region, South Africa and the world. Utilising a development history approach, it is based on an extensive study of primary and secondary documentation, supplemented by a panel of in-depth interviews and observation. This study finds that the relationship between business and apartheid incorporated both functional and dysfunctional elements, although over time the benefits diminished and the costs multiplied. The latter, Regulation Theory suggests, is true for any institutional order, but it could be argued that, under apartheid, the particularly fragile and contradictory nature of the institutional arrangement made inevitable crises more rapid and more pronounced. On the one hand, apartheid restricted the economic development of the country, as a result of a range of factors from skills shortages to the visible waste of resources on grand ideological projects and security; as suggested by Resource Curse Theory, minerals windfalls tend to encourage irresponsible behaviour by governments. On the other hand, certain businesses prospered, notably the Afrikaner business sector. All business benefited from the overall growth of the 1950s and 1960s, whilst niche players often did quite well even during the 1980s.
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