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The British South Africa Company (BSAC) was established by Cecil Rhodes through the amalgamation of the Central Search Association and the Exploring Company Ltd., receiving a royal charter in 1889. Modelling the BSAC on the British East India Company, Rhodes hoped it would enable colonisation and economic exploitation across much of south-central Africa, as part of the "Scramble for Africa". The company's directors included the Duke of Abercorn, Rhodes himself and the financier Alfred Beit.