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

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

system of racial segregation in

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

. 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 a Bantu peoples, Bantu homeland, a Black people, black homeland, a Khoisan, black state or simply known as a homeland; ) was a territory that the National Party (South Africa), National Party administration of the ...

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

References

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