The Native Problem of South Africa

Cover The Native Problem of South Africa
The Native Problem of South Africa
Alexander Davis
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When Johannes- burg is dull, goods are a glut, debts are bad, rents shrink, competition becomes keen, hotel-takings fall off, produce suffers from extreme fluctuation, indents are cancelled, and the passenger-lists of the steamers are blank. Though the effect may not be immediate, for market fluctuations are expected and discounted — times always varying somewhat — yet when the cause is fundamental and the depression persistent the effect on the outlying colonies is certain. In other gold- mini...ng countries the influences for evil to be taken into account in current and prospective speculation are such as the failure of a lode, labour strikes, financial crises, and imperfect estimates of mining propositions. On the Kand, due to the nature of the ore deposits and the high standard of finance and management, such influences have not a similar importance. The gold industry of the Rand is now reduced to an exact science. The banket deposits are proved to enormous depths, labour strikes are unknown, capital is abundant, finance is like a rock, and the quality of the lode is stable.

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