V. ‘Capitalist Influence’ and the Transvaal Government during the Crown Colony Period, 1900–1906.1

TLDR: In this paper, the authors present an analysis of Transvaal white politics, showing that some gold-mining companies (the J. B. Robinson group, Barnato's and sometimes the companies of Albu and Goertz) were hostile to the influence of larger companies (Eckstein's and Consolidated Gold Fields).

Abstract: It has become a tradition to portray Transvaal history as a struggle between Boer nationalism and international capitalism, from the beginnings of large-scale gold mining in the 1880s until the electoral victory of General Botha and Het Volk in 1907. J. A. Hobson, writing in 1899–1900, predicted that after—as before—the South African War, the Imperial Government would have to face the dilemma of choosing between ‘an oligarchy of financial Jews, and the restoration of Boer domination’, since there was no other basis of political power. In his analysis of Transvaal white politics, he admitted that some gold-mining companies (the J. B. Robinson group, Barnato's and sometimes the companies of Albu and Goertz) were hostile to the influence of larger companies (Eckstein's and Consolidated Gold Fields), but denied that this affected the monolithic nature of international capitalism in the Transvaal. Later writers on the period, who have rejected almost everything that Hobson wrote, have nevertheless endorsed his interpretation. The Boer leaders were understandably happy to approve of such an analysis, since it placed them in a flattering light as the only realistic salvation for a magnate-dominated society. General Botha, for example, ardently courted the white working men on the Rand after the War, stressing the identity of material interests between farmers and artisans, in the face of the capitalist threat. General Smuts presented a more subtle and persuasive version of the argument, when attempting to persuade the Colonial Office to grant responsible government to the Transvaal and Orange River Colony.