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Books > Business & Economics > Business & management > Management of specific areas
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Ownership and Governance of Companies - Essays from South Africa and the Global South (Hardcover)
Loot Price: R4,492
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Ownership and Governance of Companies - Essays from South Africa and the Global South (Hardcover)
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Apartheid South Africa was often thought to run in the interests of
the business elite. Yet 27 years after apartheid, those business
interests remain largely entrenched. Why? Did the South African
business community play a role in engineering this outcome -
perhaps recognising the apartheid era was over, and jumping ship in
time? Conversely, the mission of the ANC was widely perceived to be
to shift wealth and power into the hands of the whole community.
Yet despite 'black empowerment' measures, corporate ownership
remains largely in white hands - and certainly in the hands of an
elite few, even though no longer restricted to whites. This picture
is replicated across the global south, where corporate ownership
tends to be concentrated in the hands of an elite, rather than
being more democratically spread. Why have alternative corporate
forms not been pursued more vigorously, with ownership in the hands
of customers, employees, and local communities? In the case of
South Africa, where the majority of customers and employees are
black, this could have delivered on the ANC's mission to replace
the apartheid era with a democratic one - in terms of wealth,
incomes and power, as well as in terms of voting and civic rights.
This edited volume explores all these questions and looks at ways
to align corporate forms with economic and social goals. The
chapters in this book were originally published as special issues
of International Review of Applied Economics.
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