Objectives: The main objective of this paper is to explore the contribution of cooperatives in economic development of South Africa in post-independence period. It examines how the cooperatives help the members to attain the economic goals. Methods/Statistical Analysis: This article is based on the qualitative research approach and presented in the format of a literature review on the ways in which cooperatives began to play an important role in economic development process. Findings: From the literature review, it was found that, by developing and promoting cooperatives in South Africa create sound platform that is useful especially in the development of rural and semi-urban areas of the country. The role of cooperatives especially in agriculture sector will provide a momentum for the rural development. Further, big business development in South Africa and contribute towards social protection in the country. Managerial implications and Improvements: This article provides an in-depth discussion on cooperatives and their role in uplifting the rural and urban masses of South African in a sustainable manner. Analysis of the literature on cooperatives provides a unique business opportunity to its members those who are committed with positive energy to contribute for the development of South Africa.
Keywords
Apartheid Era, Agriculture Sector and Entrepreneurship, Cooperatives and Economic Development, Rural Development, South Africa
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