Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

South Africa: Charting a Course to a More Profitable Future?

By

Tomorrow's elections could determine pace of nation's progress.

PrintPRINT
To say that my expectations for South Africa were low is a tremendous understatement.: When I went there to give a presentation last March, my preparations included a visit to my doctor, where I paid $285 for 3 vaccinations against hepatitis, tetanus and typhoid. My wife packed antibacterial wipes, and gave me clear instructions: "Wipe your hands whenever you touch anything."

Images of dirt roads, AIDS, starving children, militants with AK-47s, and general lawlessness were circulating in my head, and on some subconscious level I was saying my final goodbyes to my wife and kids. I was going to South Africa - but would I come back?

Ignorance is bliss; in fact, my expectations were so low that the mere presence of semi-paved roads would have been enough to elicit delight. The South Africa I found was dominated not by parched earth tones - the color of sand and poverty, as I'd expected; instead, the South Africa I found was bright green, blue, and white. Were it not for the cars being driven on the wrong (left) side of the street, you could easily confuse it with Southern California (Santa Barbara especially came to mind).

The roads are in far better shape than those in many First World cities. Neatly manicured grass, palm trees, and endless vineyards are responsible for the overwhelming greenness. White, well-maintained European-style buildings -- and the blue of the 2 oceans (the Indian and the Atlantic) that surround the Cape -- round out the gorgeous tableaux.


This is the view you'll get of Cape Town and the Cape if you only stay on the major roads, and only visit the tourist areas. Until the early 1990s, you'd see this side of the country only if you were white. If you were black, "colored," or Indian, this paradise was off-limits. The slums, poverty, humiliation, and second-class citizenship were your domain.


South Africa in Pictures



No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE