South Africa: Africa’s Second Biggest Economy South Africa Investment Opportunities (Image source: National Empowerment Fund) The end of the apartheid era in 1994 brought many changes to South Africa and this too has been reflected on the economic front. Despite struggling for the early years, the rainbow nation made a significant leap forward in restoring order to an economy battered by years of international sanctions and domestic violence. Within two decades of national reconciliation and economic reconstruction, South Africa has turned to become Africa’s second largest economy and the most favored investment destination. A soon as the first African National Congress (ANC) government was sworn in 1994, efforts to restore order to the economy shattered by sanctions began earnestly. Fiscal discipline and determined efforts help increase the economic capacity of people and build a strong edifice for eliciting growth. In 2000, the then President Thabo Mbeki took bold initiat...
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