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Abstract

In this chapter, we will discuss the major changes experienced by the South African economy between 1976 and 1994. We will analyze how these developments transformed the ruling elite. We will trace the economic developments that forced the National Party to change its policies. This analyses will be followed by an examination of the changing Afrikaner class base as a result of economic prosperity. The rest of the discussion in this chapter will focus on answering the following questions: how did African militancy affect the economy? What reforms were introduced as a result of the Soweto rebellion? Did the involvement of South Africa in destabi-lization wars in Angola and Mozambique affect the economy? Finally, what was the impact of international sanctions and the fall of the Soviet Union on the economy?

Most countries strive to raise the quality of their human resources; only South Africa made it an express purpose of official policy to lower standards and frustrate the aspirations of those who wished to improve their contributions to the economy.

—Charles H. Feinstein, An Economic History of South Africa

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Notes

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© 2008 Mueni wa Muiu

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wa Muiu, M. (2008). Changes in South Africa’s Economy, 1976–1994. In: The Pitfalls of Liberal Democracy and Late Nationalism in South Africa. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230617278_6

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