South African national8 as South African investorn have dieplaced foreigners. But acme of theee new Investors either simply continue the business unchanged or adjuot it to fit into the pattern of the old rbgime. What is more, some of thoee who have close aliment with government groups have been able to make oenoitive and otrategic acquisitions through the dieinveotment proceee, thus increae?.ngly giving the Government access to foreign technology in return for the easy acquieitione of business that were made possible to them. For emample, Allied Technologies (Altech), which is a major firm in the telecormounications industry in South Africa and which hao office8 in the United States, the United Kingdom end Japan, depend8 vitally on those linke to maintain its acceoo to the latest telecommunication technology. Altech holds I... A/45/552 English Ptxge 11 55 per cent of aharee both in the former ITT subsidiary, Standard Telephone end Cables, and in the former subsidiary of the United Stetea electronics and radio group, Motorola, now called Alcom Syat8me. Among Altech’cl electronic and telecommunication goods, one product is famouer a high frequency twO-Wey radio which is a favourite of the South African eecurity forcee. Altech’s liet of well-known customers include the South African Reserve Dank, the Council for Scientific and Industrial Research, the South African Transport Service8, the Department ?I yoreign Affairs, and the Post Offiae. Bimiler to Altech ere the resourcef- ! :nining-finance howee and national saving institutions in South Africa which have been intimately involved in such lucrative acquisitions. In ehort, Borne of these dieinveeting multinetionala have not entirely disappeared from South Africai on the contrary, the former eubeidiaries in reality remain firmly rooted on the spot through ingenious devices such as voluntary mergers and easy acquiaitione. (b) Sela 
**Analysis**
The text discusses the impact of South African investors on the country's economy, particularly in the telecommunications industry. It highlights how some foreign companies have been acquired by South African investors, which has given the government access to foreign technology. The text also mentions the involvement of resource-rich institutions in these acquisitions. This suggests that the category related to economic development and industry would be a good fit.

**Category**
Industry, Economic development