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South Africa’s Ticking Time Bomb

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AFRICANGLOBE - At the time of independence in 1994, South Africa was riven not only by race, but also by income. The white community controlled the economy and was left to manage that economy as a means to a peaceful transition. The African National Congress took political control, but largely left the running of the economy unchanged. There was an expectation that over time, wealth would spread down to those who had been deprived of equality, mainly the black and Asian populations that make up about 90 percent of the South African population.
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