Profile of South Africa’s Black Middle Class on the Increase?
Scott Baldauf of Christian Monitor writes about the raising profile of South African’s black middle class. Their achievements largely due to the Black Economic Empowerment initiative - “the state’s policy of favoring black business after decades of white control”.However there are some dissenting voices against the program:
Despite its impressive economic record of the past 13 years - annual growth rates of 5 percent, low inflation, balanced budgets, 300,000 new jobs each year, and a small black middle class growing at 20 percent annually - South Africa’s black-majority government has been something of a letdown to the millions of South African blacks who have yet to taste the economic fruits of postapartheid freedom.
Read the full test: http://www.csmonitor.com/2006/1031/p01s03-woaf.html
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