The immediate post-apartheid period was marked by an exodus of skilled white South Africans, who left due to safety concerns. The
South African Institute of Race Relations estimated in 2008 that 800,000 or more white people had emigrated overseas since 1995, out of the approximately 4,000,000 who were in South Africa when apartheid formally ended the year before. Large white South African diasporas, both English- and Afrikaans-speaking, sprouted in
Australia,
New Zealand,
North America, and especially in the
United Kingdom to which around 550,000 South Africans emigrated. The apartheid government had declared a moratorium on foreign debt repayments in the mid-1980s when it declared a state of emergency in the face of escalating civil unrest. With the formal end of apartheid in 1994, the newly elected ANC government was saddled with a foreign debt amounting to 86,700,000,000 rands ($14,000,000,000 at then current exchange rates) accrued by the former apartheid regime. The cash-strapped government was obliged to repay this debt, or else face a credit downgrading by foreign financial institutions. The debt was finally settled in September 2001. A further financial burden was imposed on the new post-apartheid government through its decision to provide
antiretroviral (ARV) treatment to impoverished victims of the HIV-AIDS epidemic sweeping the country. South Africa had the highest prevalence of HIV-AIDS compared to any other country in the world, with 5,600,000 people afflicted by the disease and 270,000 HIV-related deaths were recorded in 2011. By that time, more than 2,000,000 children were orphaned due to the epidemic. The provision of ARV treatment resulted in 100,000 fewer AIDS-related deaths in 2011, than in 2005. Migrant labour remained a fundamental aspect of the South African mining industry, which employed half a million largely black miners. Labour unrest in the industry resulted in a massacre which took place in mid-August 2012, during which; anti-riot police shot dead 34 striking miners and wounded many more in what is now known as the
Marikana massacre. The migrant labour system was identified as a primary cause of the unrest. Multinational mining corporations including
Anglo-American Corporation,
Lonmin, and
Anglo Platinum, were accused of failing to address the enduring legacies of apartheid. By 2014, around 47% of mostly black South Africans continued to live in poverty, making it one of the most unequal countries in the world. Widespread dissatisfaction with the slow pace of socio-economic
transformation, government incompetence and maladministration, and other public grievances in the post-apartheid era, precipitated many violent protest demonstrations. In 2007, less than half the protests were associated with some form of violence, compared with 2014 when almost 80% of protests involved violence on the part of the participants or the authorities. The slow pace of
transformation also fomented tensions within the tripartite alliance between the ANC, the South African Communist Party and the Congress of South African Trade Unions. The ANC had risen to power on the strength of a socialist agenda embodied in a
Freedom Charter, which was intended to form the basis of ANC social, economic and political policies. The Charter decreed that "the national wealth of our country, the heritage of South Africans, shall be restored to the people; the mineral wealth beneath the soil, the banks and monopoly industry shall be transferred to the ownership of the people". ANC icon
Nelson Mandela, asserted in a statement released on 25 January 1990: "The nationalisation of the mines, banks and monopoly industries is the policy of the ANC, and a change or modification of our views in this regard is inconceivable." But, after the ANC's electoral victory in 1994, the eradication of mass poverty through nationalisation was never implemented. The ANC-led government, in a historic reversal of 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. These policies have been criticised. ==References==