Word: transvaal
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Dates: during 1940-1949
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...Soup. In Naboomspruit, Transvaal, Solomon Macheke got three months at hard labor (and five strokes of the lash) for biting the tail off a fractious...
...make a million pounds, then quit. Said Norby Erleigh: "I think it could be done swiftest in South Africa." A wealthy Rand pioneer's son, Erleigh had the financial backing; he soon picked up the mining experience. In 1933, he helped Abraham Sundel Hersov form the Anglo-Transvaal Investment Co., Ltd., and together they made a killing in Rand mines. But "Bob" Hersov was too cautious for bumptious, erratic Norby Erleigh. By 1935 Erleigh, then 32, had broken away from Anglovaal, and he had made his first million. He had also lost all desire to quit...
...part of its best properties. Hersov accepted. In order to get a moratorium from New Union's creditors, he threw the company into "judicial management." By taking over New Union, Hersov gave U.S. financiers a major beachhead in South Africa through a comparatively new company, American Anglo-Transvaal Corp. (TIME...
American Anglo-Transvall, will operate on a partnership basis with the Anglo-Transvaal Consolidated Investment Co., Ltd., a $32 million holding company, one of the most active in South Africa. American Anglo-Transvaal will supply the cash; Anglo-Transvaal (with active subsidiaries in steel, oil, glass, coal, lumber, manganese) will provide the knowhow...
...profits of this first big beachhead of U.S. capital in Africa looked good. After every South African gold strike there has been an overall industrial boom. If it comes out of the workings of the Orange Free State field American Anglo-Transvaal, through its option to participate in any of Anglo-Transvaal's operations, will be in on the ground floor...