THE SOUTH AFRICAN ECONOMY Brief economic history During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. This compared with annual growth of 5,0 percent in industrialised Organisation for Economic Corporation and Development (OECD) countries and inflation of 2,9 percent. Dollar per capita income grew 73 percent during the decade. The 1970s were turbulent ... average annual depreciation has been just under 7 percent. The longer-term policy objective is to bring South Africa's inflation rate down to the same ...

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• Grade Level: Undergraduate

... development, legislated over a presidential veto and installed harsh mandatory sanctions against South Africa, hoping to change Regan's weak policies. In 1989 FW de Klerk came into power and released Nelson Mandela, leader of the ANC. De Klerk also lifted the ban on the ANC and other anti-apartheid groups, opening the door to negotiations on political ... According To Davis, apartheid has been ended through the concerted co-operation and economic sanctions of many states in combination with human rights activities of international institutions and nongovernmental organisations throughou...

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• Has Bibliography
• Grade Level: Undergraduate