Flag of South Africa the National Party government of the day respectively, were given the task of resolving the flag issue. A final design was adopted on 15 March 1994, derived from a design developed by the State Herald Fred Brownell, who had also previously designed the Flag of Namibia. This interim flag was hoisted officially for the first time on the 27 April 1994, the day when the nation’s first fully inclusive elections commenced which resulted in Nelson Mandela being inaugurated as South Africa’s first democratically elected president on 10 May 1994. The flag was well-received by most South Africans though a small
History of South Africa (1994–present) policy, adopted neoliberalism instead. A wealth tax on the super-rich to fund developmental projects was set aside, while domestic and international corporations, enriched by apartheid, were excused from any financial reparations. Large corporations were allowed to shift their main listings abroad. According to a leading South African economics expert, the government's concessions to big business represented "treacherous decisions that [will] haunt South Africa for generations to come". History of South Africa (1994–present) South Africa since 1994 transitioned from the system of apartheid to one of majority rule. The election of 1994 resulted in a change in government with the African