Michael Faber (economist)

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Michael Leslie Ogilvy Faber (12 August 1929 - 26 February 2015) was a professor at the University of Sussex and a key adviser to the Zambian government for whom he negotiated favourable terms for the transfer of mineral rights formerly held by the British South Africa Company. [1]

University of Sussex public research university in East Sussex, England

The University of Sussex is a public research university in Falmer, Sussex, England. Its campus is located in the South Downs National Park and is a short distance away from Central Brighton. The university received its Royal Charter in August 1961, the first of the plate glass university generation, and was a founding member of the 1994 Group of research-intensive universities.

Mineral rights are property rights to exploit an area for the minerals it harbors. Mineral rights can be separate from property ownership.

The British South Africa Company was established following the amalgamation of Cecil Rhodes' Central Search Association and the London-based Exploring Company Ltd which had originally competed to exploit the expected mineral wealth of Mashonaland but united because of common economic interests and to secure British government backing. The company received a Royal Charter in 1889 modelled on that of the British East India Company. Its first directors included the Duke of Abercorn, Rhodes himself and the South African financier Alfred Beit. Rhodes hoped BSAC would promote colonisation and economic exploitation across much of south-central Africa, as part of the "Scramble for Africa". However, his main focus was south of the Zambezi, in Mashonaland and the coastal areas to its east, from which he believed the Portuguese could be removed by payment or force, and in the Transvaal, which he hoped would return to British control.

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References

  1. "Professor Michael Faber - The Times" . Retrieved 19 December 2016.