- The grand “black economic empowerment” project has largely failed
- Structural problems, often due to poor governance, hamper economic growth
- Severe inequality persists despite recklessly high social spending
- Archbishop Desmond Tutu’s famous vision of post-apartheid South Africa as a “rainbow nation” at peace with itself remains a dream
South Africa’s democratic transition once made it a shining example for the African continent. But more than two decades after the advent of democracy, and despite a mature and diversified economy, South Africa’s deeply divided, multiracial society is mired in crisis.