The Bantu Investment Corporation Act, Act No 34 of 1959, formed part of the

apartheid Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was ...

system of racial segregation in

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...

. In combination with the Bantu Homelands Development Act of 1965, it allowed the South African government to capitalize on entrepreneurs operating in the

Bantustan A Bantustan (also known as Bantu homeland, black homeland, black state or simply homeland; ) was a territory that the National Party administration of South Africa set aside for black inhabitants of South Africa and South West Africa (n ...

s. It created a Development Corporation in each of the Bantustans.

References

Apartheid laws in South Africa 1959 in South African law {{statute-stub