Apartheid profiteers

By the fall of apartheid in 1994, Anglo American controlled more than half of all private industry in South Africa. The fall of white minority political rule in South Africa brought the threat of nationalisation. Using a subsidiary Minorco (Minerals and Resources Corporation), Anglo American attempted to downplay its connection with the apartheid regime, transfer assets, and intensify its global expansion into Europe, the Americas and Australia (LMN 2010).