Africa has undergone two waves of liberation. The first was from the European colonial powers. The second was from the liberators themselves, who, in many cases, were inept administrators and autorcratic rulers. The second wave is still continuing, but already there is a third wave in the offing. This is Africa’s liberation from political economies characterized by graft, crony capitalism, elitism and social inequality. This third liberation will open up the economic space for business to grow and create wealth. How far has Africa progressed along this route?
In this pattern South Africa, as Africa’s only industrialized nation, occupies a special place. Even though it became fully independent from its colonial power, Great Briatin, as early as 1961, it did not become fully democratic until 1994. Since then the liberation movement, the African National Congress has completely dominated South African politics. What have been the government’s achievements and failures, and what is likely to happen next in South Africa.
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