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June 16, 2014 at 09:20 PM
It’s been 20 years since the African National Congress (ANC) came to power in South Africa with the promise of creating a just nation with equal opportunity for all. But although the country has undergone dramatic changes in that time, it nevertheless faces a host of problems today that must be addressed if South Africa is to move forward.
The question, though, is whether the ANC and President Jacob Zuma are up to that task, and whether redressing South Africa’s problems, in particular the many economic challenges it faces, are on its to-do list.
The ANC emerged victorious once again in South Africa’s recent election, and as the vanquisher of Apartheid, it still holds enormous goodwill with many South Africans, said Ryan Hoover, an investment analyst at Africa Capital Group who also maintains the website www.investinginafrica.net and spent several years in South Africa. However, the election results have clearly shown that the party’s support is waning (it got 62% of the vote compared to 66% in the last elections), as many South Africans have become increasingly frustrated with the ANC.
“South Africa’s chief economic challenge springs directly from its chief social challenge –an ever-widening gap between the haves and have-nots,” Hoover said. In the 20 years that the ANC has been in power, “income inequality has actually increased, official unemployment rates hover around 25%, White South Africans continue to control the majority of the country’s productive assets and the education system is ranked one of the worst in the world.”
It is little wonder, then, that frustration with the ANC is beginning to give way to a sense of betrayal among more and more South Africans, particularly the middle classes.
Ironically, one of the greatest hallmarks of ANC rule is the emergence of a solid black middle class in South Africa, said Riaan Nel, managing partner of Detlefsen Nel & Associates in Eugene, Or., and a former member of the constitutional assembly that finalized the negotiations between the ANC and the previous governing party of South Africa.
“The rise of the Black middle class and upper income class has really been significant and that is a good thing because at the end of the day, all well functioning democratic and market oriented economies need a good middle class,” Nel said. “Although low income blacks still outnumber middle class blacks, the interests of the middle class – better education, more efficiency and so on – is definitely being heard, as we can see from the recent voting, and it is among that group that the ANC has lost support.”
