It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
London - South Africa is flawed and set to "blow up" within the next 15 years with more serious consequences than Libya, says Toscafund, one of the UK's most high-profile hedge funds.
It tips commodity-rich Russia and Australia to benefit.
Chief economist and partner Savvas Savouri, who has been researching South Africa's economy, cites emigration of professional workers and what he sees as a "lack of centralised leadership" when it comes to dealing with problems such as the Aids epidemic.
"It's socially, politically and demographically flawed. It will malfunction within 15 years. It will go the way of MENA (the Middle East and North Africa) but the blow-up will be much more serious," Savouri told Reuters in an interview this week.
Johannesburg - The ANC Youth League president Julius Malema has said his organisation wanted 60% of Anglo American, City Press reported on Sunday.
With the enactment of apartheid laws in 1948, racial discrimination was institutionalized. Race laws touched every aspect of social life, including a prohibition of marriage between non-whites and whites, and the sanctioning of ``white-only'' jobs. In 1950, the Population Registration Act required that all South Africans be racially classified into one of three categories: white, black (African), or colored (of mixed decent). The coloured category included major subgroups of Indians and Asians. Classification into these categories was based on appearance, social acceptance, and descent. For example, a white person was defined as ``in appearance obviously a white person or generally accepted as a white person.'' A person could not be considered white if one of his or her parents were non-white. The determination that a person was ``obviously white'' would take into account ``his habits, education, and speech and deportment and demeanor.'' A black person would be of or accepted as a member of an African tribe or race, and a colored person is one that is not black or white. The Department of Home Affairs (a government bureau) was responsible for the classification of the citizenry. Non-compliance with the race laws were dealt with harshly. All blacks were required to carry ``pass books'' containing fingerprints, photo and information on access to non-black areas.
COPE leader Mosiuoa Lekota has accused the government of applying BEE and affirmative-action policies in such a way it results in reverse racism that equates to old-style apartheid policies.