Afrikaner Nationalism in South African Banking: The Cases of Volkskas and Trust Bank
After the Peace Agreement between Britain and the Boer Republics was signed in Pretoria on 31 May 1902, the second Anglo-Boer war was something of the past. Hostilities had ceased, but Afrikaner resentment of British rule remained. The main aim of Afrikaner politicians in the ‘Orange River Colony’ and the ‘Transvaal Colony’, was to regain independence. By 1906 the Het Volk Party under the leadership of General Louis Botha in Transvaal and the Orangia Unie under the leadership of General J.B.M. Hertzog in the Orange River Colony, effectively mobilised Afrikaners as a political force. In January 1906 Sir Henry Campbell-Bannerman’s Liberal Party took office in Britain and soon afterwards decided to grant responsible government to both colonies. In February 1907 General Botha’s Het Volk Party won the election in Transvaal and he became Prime Minister, and the Orangia Unie won the Orange River Colony’s election in November 1907. From then on Afrikaners would again dominate South African politics.
KeywordsTotal Asset Commercial Bank Annual Growth Rate Total Deposit Building Society
Unable to display preview. Download preview PDF.
- 1.P. Wickins, ‘Agriculture’, p. 58, in F.L. Coleman, Economic History of South Africa (Pretoria: HAUM 1983).Google Scholar
- 2.Bureau of Census and Statistics: Statistics for Fifty Years, 1910–1960, L-3.Google Scholar
- 4.C.L. Engelbrecht, Die Bank van Oom Bossie (Pretoria: Volkskas, December 1978, p. 17.)Google Scholar
- 16.J.F.H. van der Merwe, Die Geskiedenis van die Nederlandsche Bank voor Zuid-Afrika, 1903–1945, unpublished MA thesis, RAU, May 1988, pp. 183–4.Google Scholar
- 18.See Table 5: Deposits of the Netherlands Bank of South Africa and all the Commercial Banks, 1945–1973, in G. Verhoef, Die Geskiedenis van Nedbank, 1945–1973. Google Scholar
- 19.See Tables 2 and 7, Composition of Total Deposits of all the Commercial Banks, and of the Netherlands Bank, 1945–1973, in G. Verhoef, Die Geskiedenis van Nedbank, 1945–1973. Google Scholar
- 24.See G. Verhoef, Die Geskiedenis van Nedbank, 1945–1973, pp. 3–17.Google Scholar
- 29.C.L. Engelbrecht, Volkskas, Van Akker tot Eik (Pretoria: 1982), pp. 432–41.Google Scholar
- 30.Barclays Bank, Annual Report, 1985, p. 5.Google Scholar
- 31.Banks Quarterly Investment Research, Quarterly Review, Martin & Co. Inc., November 1986, p. 5.Google Scholar
- 37.Banks Quarterly, Investment Research Quarterly Review, Martin & Co. Inc., December 1977, p. 6.Google Scholar