Flag of South Africa (1928–1994) also be the subject of public burnings during anti-apartheid protests. After 1989, F. W. de Klerk became state president and immediately unbanned the African National Congress (ANC) and released their leader Nelson Mandela from prison. De Klerk instigated negotiations to end apartheid in South Africa with Mandela's ANC. One of the ANC's demands was that the flag gradually decrease in usage in South African life and that a new flag be created, as black South Africans associated the current one with apartheid and Afrikaner nationalism. The negotiations led to the South African apartheid referendum, 1992 where voters approved the ending
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