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Beginning of article

The region of Southern Africa has been part of the global capitalist system since its inception in the late 15th century, when Portugal incorporated Angola and Mozambique into its empire. In 1652 the Dutch East India Company established a "refreshment station" at the Cape of Good Hope for ships travelling between Europe and the Far East.1 From that time the region has experienced several periods of deepening incorporation into the global system.

Since the dismantling of the system of white supremacy known as apartheid in 1994, The Republic of South Africa's historic position as the hub of the regional economy has continued, and today it is also vying for economic leadership of all …