23. Moreover, available information on disinvesting companies shows that all known sales to third-party buyers entailed ongoing relations, and two thirds of those companies had arrangements for ongoing non-equity ties. No doubt, there has been a general decline in the significance of foreign ownership of investment in South Africa. In other words, there has been much greater domestic control of capital and more managerial powers over business by South African nationals as South African investors have displaced foreigners. But some of these new investors either simply continue the business unchanged or adjust it to fit into the pattern of the old régime. What is more, some of those who have close alignment with government groups have been able to make sensitive and strategic acquisitions through the disinvestment process, thus increasingly giving the Government access to foreign technology in return for the easy acquisitions of business that were made possible to them. For example. Allied Technologies (Altech), which is a major firm in the telecommunications industry in South Africa and which has offices in the United States, the United Kingdom and Japan, depends vitally on those links to maintain its access to the latest telecommunication technology. Altech holds 55 per cent of shares both in the former ITT subsidiary. Standard Telephone and Cables, and in the former subsidiary of the United States electronics and radio group. Motorola, now called Alcorn Systems. Among Altech's electronic and telecommunication goods, one product is famous: a high frequency two-way radio which is a favourite of the South African security forces. Altech's list of well-known customers include the South African Reserve Bank, the Council for Scientific and Industrial Research, the South African Transport Services, the Department of Foreign Affairs, and the Post Office. Similar to Altech are the resourcei'ol ;nining~finance houses and national saving 
**Analysis**
The text discusses the disinvestment process in South Africa, highlighting how foreign ownership of investment has decreased, and domestic control of capital has increased. It also mentions the acquisition of foreign technology by South African companies, particularly in the telecommunications industry. This suggests that the text is focused on the economic development of South Africa, specifically in the industry sector.

**Category**
Industry, Transport and communication