Inequality in post-apartheid South Africa Inequality in post-apartheid South Africa Nelson Mandela's electoral victory in 1994 signified the end of apartheid in South Africa, a system of widespread racially-based segregation to enforce almost complete separation of different races in South Africa. Under the apartheid system, South Africans were classified into four different races: White, Black, Coloured, and Indian/Asian, with about 80% of the South African population classified as Black, 9% as White, 9% as Coloured, and 2% as Indian/Asian. Under apartheid, Whites held almost all political power in South Africa, with other races almost completely marginalised from the political process. While the end of apartheid
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