Randlord
South African diamond and gold mining entrepreneurs from the 1870s to World War I / From Wikipedia, the free encyclopedia
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Randlords (Afrikaans: randhere) were the capitalists who controlled the diamond and gold mining industries in South Africa from the 1870s up to World War I.
A small number of European financiers, largely of the same generation, gained control of the diamond mining industry at Kimberley, Northern Cape. They set up an infrastructure of financing and industrial consolidation which they then applied to exploit the discoveries of gold from 1886 in Transvaal at Witwatersrand — the "Rand". Once based in the Transvaal, many set up residence in the mansions of Parktown.
Many of the Randlords received baronetcies in recognition of their contributions.