December 7, 2013

Mandela's Thatcherite Turn Betrayed Poor

John Pilger, New Statesman

The Associated Press

With democratic elections in 1994, racial apartheid ended and economic apartheid had a new face. The Botha regime had offered black businessmen generous loans, allowing them to set up companies outside the Bantustans. A new black bourgeoisie emerged quickly, along with a rampant cronyism. ANC chieftains moved into mansions in “golf and country estates”. As the disparities between white and black narrowed, they widened between black and black.

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TAGGED: South Africa, Nelson Mandela

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