Singapore–South Africa relations establish diplomatic relations with South Africa until 1992, when the two countries signed agreements to do so. In 1994, South Africa joined the Commonwealth, resulting in the Embassies of both countries being renamed High Commissions and the Ambassadors becoming High Commissioners. On March 5, 1997, Nelson Mandela became the first President of South Africa to visit Singapore, where he met President Ong Teng Cheong and Senior Minister Lee Kuan Yew. In 2007, S.R. Nathan became the first President of Singapore to visit South Africa. In January 2013, International Enterprise Singapore set up a centre in Johannesburg, its first overseas centre
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