South Africa entered the post-Cold War era with strong institutions, excellent infrastructure, and global goodwill. It possessed many of the world’s most valuable resources, some of the best agricultural land on the planet, and was located around one of the world’s key trading routes. And in Nelson Mandela, South Africa had a leader who understood that reconciliation and private sector driven economic growth were the only path to a nation where every citizen could prosper. Sadly, Mandela’s successors have replaced reconciliation with redistributionist policies that discouraged investment and drove South Africa’s most talented citizens abroad. Racial quotas have crippled the private sector, while corruption bankrupts the state.
Sam Busa