Citation Act No. 34 of 1959 Date commenced 3 June 1959 | Date of Royal Assent 15 May 1959 Date repealed 24 April 1968 | |
Enacted by Parliament of South Africa Administered by Minister of Bantu Administration and Development | ||
The Bantu Investment Corporation Act, Act No 34 of 1959, formed part of the apartheid system of racial segregation in South Africa. In combination with the Bantu Homelands Development Act of 1965, it allowed the South African government to capitalize on entrepreneurs operating in the Bantustans. It created a Development Corporation in each of the Bantustans.
References
Bantu Investment Corporation Act, 1959 Wikipedia(Text) CC BY-SA