History of South Africa (1994–present) 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 National Congress (ANC) coming to power. The ANC retained power after subsequent elections in 1999, 2004, 2009 and 2014. Children born during this period are known as the "born-free" generation, and those aged eighteen or older, were able to vote for the first time in 2014. Following the election of 27 April 1994, Nelson Mandela was sworn in as President of South Africa. The Government of National
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