British+South+Africa+Company

The British South Africa Company (BSAC) was established on the 29 of October in 1889 by Cecil Rhodes, whose optimistic goal was to enable colonization and economic explocation throughout most of South-Central Africa, as part of the "SCRAMBLE FOR AFRICA". A deal was made in which the company could trade with African King Lobergula, to form banks, manage and distribute land, and a police force known as the British South Africa Police. In return, the company agreed to develop the territory it controlled, respect all existing African laws and allow free trade within its territory as well as respecting all religions. However, Rhodes and the white settlers did not keep their end of the bargain. The company changed after they were unable to hold onto its mineral rights due to money problems. In 1964, it was forced to hand over its mineral rights to the government of Zambia and the following year, the British South Africa Company merged with two groups, the Central Mining & Investment Corporation Ltd and the Consolidated Mines Selection Company Ltd, to form a mining and industrial company known as the Charter Consolidated Ltd.

