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Article: Facing an economic meltdown. (South Africa)
- Article from:
- U.S. News & World Report
- Article date:
- July 5, 1993
- Author:
CopyrightCOPYRIGHT 1993 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When South Africa finally gets a new government, which is inevitable and now even foreseeable, the victors will have no time to celebrate the triumph of the anti-apartheid forces. The new government, which will be dominated by those forces, will inherit a sick economy and a legacy of social problems that will severely test its ability.
South Africa's once mighty economy is now staggering, hurt in large part by the inefficiencies of apartheid and by the combination of foreign sanctions, domestic labor unrest, political violence and uncertainty. "Politics has been an added constraint on the growth of the South African economy," says Bobby Godsell, chief labor ...