British South Africa Company

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British South Africa Company:

see ZimbabweZimbabwe
, officially Republic of Zimbabwe, republic (2015 est. pop. 14,229,000), 150,803 sq mi (390,580 sq km), S central Africa. It is bordered on the north by Zambia, on the northeast and east by Mozambique, on the south by South Africa, and on the southwest and west by
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British South Africa Company

 

a British joint-stock company founded in 1888-89 by a group of financial magnates headed by C. Rhodes; it played the main role during the 1890’s in the colonial enslavement of African peoples (Mashona, Matabele, and others) inhabiting the Zambezi-Limpopo interfluvial area. In October 1889 the British South Africa Company received a royal charter, under which it ruled the territories of Southern Rhodesia and Northern Rhodesia until 1923-24, when the administrative functions were redeemed by the British government. The company enjoyed monopoly rights on the exploitation of mineral resources in Southern Rhodesia (until 1933) and in Northern Rhodesia (until 1964, when this country was proclaimed an independent state under the name of Zambia). It owned large tracts of land, plantations, and financial, industrial, commercial, and transport enterprises. The company also made considerable financial investments in the mining industries and other companies in South and Central Africa. In 1962 the joint-stock capital of the British South Africa Company amounted to £14,250,000. In 1965 the company’s independent existence ended when it merged with the Central Mining and Investment Corporation and Consolidated Mines Selection. Control over Charter Consolidated, the investment firm born of this merger, was taken over by the Anglo-American Corporation of South Africa, a large South African monopoly.

A. S. POKROVSKII

References in periodicals archive ?
We have struck up a venture with a South Africa company that deals with Zimbabwe directly.
In 1889 I secured the charter for the British South Africa Company, whose territory was later named Rhodesia in my honour.
HoldenOs grandfather first went to Zambia in 1904 as part of the British South Africa Company, established by Cecil Rhodes, for whom Rhodesia, now named Zimbabwe, was named.
The country today equivalent to Zimbabwe was first demarcated by the British South Africa Company in the late 19th century; it became the selfgoverning colony of Southern Rhodesia in 1923.
South Africa company ALC will open a production facility Tuesday for luxury seats and interior for BMW cars in the village of Musachevo near the town of Elin Pelin, just outside of Bulgaria's capital Sofia.
In 1889 he formed the British South Africa Company to extend British rule into central Africa without involving the British government in new responsibility or expense.
In the 1880s, the British arrived with Cecil Rhodes' British South Africa Company and the name changed to Southern Rhodesia.
In 1923, the settler economy of Rhodesia (now Zimbabwe) was faced with two options, one of which, "global integration" was favoured by Cecil John Rhodes' British South Africa Company (BSA Co.
In 1891, officials of the British South Africa Company drew a line on a map in order to carve out two new districts in the lands under their control, heedlessly slicing through the traditional boundaries of the Chewa and Tumbuka tribes.
LATE 19th CENTURY: British South Africa Company under Cecil Rhodes annex tribal areas.
The bikes they made for the British South Africa Company even had attachments to take a sword and a rifle.
The army was uninterested in Rhodesia's security beyond repelling Boer raids, but local loyalists and Cecil Rhodes' British South Africa Company, which had founded the colony and still partly administered it, demanded security and the raising of an occupation force--and Rhodes had a long purse and a loud voice.

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