Bloomberg Businessweek

One More Chance for South Africa

Ramaphosa has to win big to consolidate power in the ANC. Then there’s a bigger problem: The economy

When South Africans go to the polls on May 8 it will be the most important election since the black majority shook off the shackles of apartheid in 1994 and installed Nelson Mandela as the nation’s first black president. That election ended a half-century of brutal segregation and ushered in an era that promised equal opportunities for all. The African National Congress was brought into democratic power by a global icon who’d paid for his belief in a free South Africa with almost three decades in jail. It was a time of hope and reconciliation.

The ANC has ruled the country for 25 years now. What’s at stake this time is just as important: rescuing what little is left of the gains South Africans have made since the end of apartheid. The nine-year rule of Jacob Zuma, which ended with his resignation last year, saw the willful

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek3 min read
Cloudy, With Little Chance of Profit
As Air Berlin slid into insolvency two years ago, Carsten Spohr spotted an opportunity to strengthen his response to low-cost carriers Ryanair, EasyJet, and Wizz. The chief executive officer of Deutsche Lufthansa AG had been seeking to make Eurowings
Bloomberg Businessweek9 min read
Any Given Thursday Afternoon
Tucker Roberts, Pennsylvania princeling, heir apparent to Comcast, is leading the family business into e-sports
Bloomberg Businessweek2 min readFashion & Beauty
Laces Out
Velcro, made classic in 1980s kidswear, further secures its place in these summer shoe staples