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Ch. 2: Anglo-American Corporation

Ch. 2: Anglo-American Corporation Page of 688 Ch. 2: Anglo-American Corporation Text size:minus plus Restore normal size   Mail page  Print this page
102
SIR ERNEST OPPENHEIMER
1945, purchased 'almost all of the share capital of Lewis and Marks Limited (since renamed Free State Mines Selection Limited), whose principal asset was a large shareholding in the African and European Investment Company Limited' (Ernest Oppenheimer to his share­holders on 26 April 1946), in effect African and European, with its large coal and gold interests, became a part of the Anglo American Corporation complex. African and European Investment Company owned 'Block No. 7' in the Orange Free State and its prospecting work there was of great importance, since it had proved a payable gold deposit large enough to form three mines.
It must, moreover, be remembered that there were negotiations and understandings not only with such a concern as the British South Africa Company, but also with other mining houses, specially in connexion with the opening up of the Far West Rand and the Orange Free State gold-fields.
The fact is that Ernest Oppenheimer's range of activities in the course of time became enormous: they comprehended not only the Union and the Rhodesias but the other diamond-producing areas of Africa and, through this fact, he was brought into contact with important interests in Belgium and Portugal. Finance generally, apart from diamonds, had brought him into close contact with the City of London and with New York. He became a director of Hambros Bank, of the British South Africa Company and, an honour he greatly appreciated, of the Commonwealth Development Company.
To these multifarious interests must be added the burdens imposed by his political career. He had been knighted in 1921: the citation as recorded in the London Times of 1 January 1921 being 'Honorary Secretary to the South African War Memorial Fund. Took a leading part in recruiting of both combatants and labourers for various fronts during the war.' In 1924 he was invited to stand for Kimberley as a supporter of General Smuts's South African Party. In his speech, accepting nomination, he naturally stressed the fact that he was a 'Kimberley man' and that Dunkelsbuhler and Company had been established on the diamond fields since diamonds were first discovered there. He was duly elected and held this seat until 1938. He was followed by his son, Harry, in 1948, the present head of Anglo American Corporation—though no longer a member of Parliament.
A series of distinguished South African parliamentarians have had close connexions with the diamond and mining industries. Rhodes and Starr Jameson themselves; Drummond Chaplin and Percy Fitzpatrick;
Ch. 2: Anglo-American Corporation Page of 688 Ch. 2: Anglo-American Corporation
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