South Africa and the Transvaal War, Vol. 8 (of 8): South Africa and Its Future
History
South Africa and the Transvaal War, Vol. 8 (of 8): South Africa and Its Future
South African War, 1899-1902; Transvaal (South Africa) -- History
In view of the wide publicity given to South African affairs in recent
times, the ignorance of the average man as to the remarkable expansion
which has taken place in South African trade since the Majuba scuttle is
not a little astonishing. He doubtless has a hazy idea that it runs well
into millions, but there his knowledge ceases. He has had it dinned into
his ears that British manufacturers have been asleep and sacrificed the
trade to the greater activities of their rivals, and while he may
deplore this fact, and bewail the decadence of our erstwhile commercial
supremacy in oversea markets, there his interest ceases. It is with the
view of enlightening a wider public as to the extent and scope of our
present trade with South Africa, together with its future prospects,
that this article has reference, and it will also serve to show, despite
erroneous assertions to the contrary, that we have nothing to fear from
foreign competition. However lax our manufacturers may have been in the
past in allowing their rivals to secure so firm a footing in a market
where, until a few years ago, they were supreme, after a perusal of the
facts herein adduced it will be conceded that their present position is
one from which it will be a matter of extreme difficulty to dislodge
them.
Strange as it may appear, South African trade first began to show signs
of expansion after the events which followed upon the retrocession of
the Transvaal to the Boers in 1881. Until that year it was practically
insignificant in its proportions and almost stationary in its volume,
being mainly assisted by the activity shown in the diamond industry,
gold not then having become a factor in quickening the commercial pulse.
In the year named, the total imports into the country from all sources
amounted to £11,140,027, of which the Cape Colony took, in round
figures, all but two millions. After 1881, however, the imports
steadily, if slowly, increased in bulk, which was due less to active
developments in South Africa itself than to the gradual opening up of
the country after the first Boer war. In 1891, in which year it may be
said the fabulous wealth of the Witwatersrand first began to attract the
attention of the civilised world, the value of the imports stood at
£12,230,270, of which the Cape Colony took practically the same amount
of goods as in 1881, while Natal had improved her position by taking
about one-fourth of the total. After 1891 the imports increased with
extraordinary rapidity in proportion as the gold industry made headway,
until in 1901 they touched the high-water mark with £31,595,332, or
practically three times what they stood at twenty years before.
Public-domain text, read in full here on John Shaqi.
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