What is "randlord"

Randlords were the entrepreneurs who controlled the diamond and gold mining industries in South Africa in its pioneer phase from the 1870s up to World War I.

A small number of European adventurers and financiers, largely of the same generation, gained control of the diamond mining industry at Kimberley, Northern Cape. They set up an infrastructure of financing and industrial consolidation which they then applied to exploit the discoveries of gold from 1886 in Transvaal at Witwatersrand — the "Rand". Once based in the Transvaal many set up residence in the mansions of Parktown.

Many of the Randlords received baronetcies in recognition of their contributions.