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Location of South Africa. South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation. The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country.
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The first South African company legislation was the Companies Act [3] of 1926, which was based on the Transvaal Companies Act, [4] which was in turn based on the British Companies (Consolidation) Act 1908. The next major South African legislation in this area was the Companies Act [5] of 1973, which remained in force until 31 April 2011.
1626–1680 Swedish South Company, also called New Sweden Company [note 6] 1649–1667 Swedish Africa Company [note 7] 1671 Danish West India Company; 1721 Bergen Greenland Company; 1731–1813 Swedish East India Company; 1749 General Trade Company; 1774 Royal Greenland Trading Department; 1786–1805 Swedish West India Company [note 8] [3]
Charter International's origins can be traced back to the British South Africa Company, which was founded in 1889 by Royal Charter. [2] During 1965, on the initiative of Anglo American Corporation, the company merged with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company; the combined company was called Charter Consolidated. [2]
A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.
In 1993 Charter Consolidated Ltd changed its name to Charter plc, and in 2008 to Charter Limited, which is incorporated in England and Wales, Company Number 02794949. The British South Africa Company still exists (though, its last annual return filing was in 2011), and is registered as a non-trading business incorporated in England and Wales ...
It was founded in 2001 by South African president Cyril Ramaphosa [2] and owned by Multi Rand Millionaire Lungile Zondo. [3] Oratile Zondo is the CEO. [4] China’s sovereign wealth fund, the China Investment Corporation (CIC), acquired a 25 per cent stake in the company for about $243 million in December 2011. [5]