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Wonder what to make of this report then.
It's The Mirror reporting on The Daily Mail, so it has been through two rounds of incoherent tabloid garbling. We can't really know what to make of it unless we can find a better source for Musk's family history. This particular claim about when and why his grandparents moved to South Africa isn't in the Mail interview and The Mirror doesn't name a source for it except "a separate interview."
However, we can be fairly certain that Elon and his dad are both nasty pieces of work:
Edit: Turns out Musk's maternal grandparents moved to South Africa in 1950, not the early 1900s:
Elon Musk’s Anti-Semitic, Apartheid-Loving Grandfather
Archive: https://archive.is/x3OYY
The Afrikaners weren't disenfranchised. The National Party held seats in parliament from shortly after its founding in 1914 and JBM Hertzog was prime minister from 1924-1939. The first prime minister of the Union of South Africa was Louis Botha, who was a Boer veteran.
The United Party was a centre-right party that was an alliance of Anglophone and Afrikaner whites as well as coloureds (n.b. for Americans: not what you're likely thinking, so click the link). They lost the 1948 election to the far-right National Party, at which point the government of South Africa became dominated for 40 years by far-right Afrikaner grievance politics.
The most notable English-speaking member of parliament during apartheid was Helen Suzman.