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The Director-General of the South African Treasury, Dondo Mogajane, has said that, “SA is showing the signs of a failing state more common in countries like Sierra Leone and Liberia” . Former minister Jay Naidoo has said that South Africa is in serious trouble and is showing signs of a failed state, with record unemployment levels and the fact that many young people will not find a job in their lifetime . Neal Froneman, CEO of Sibanye-Stillwater, said that crime is out of control, with ‘mafia-style shakedowns’ for procurement contracts becoming the norm.
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The skills drain in South Africa tends to demonstrate racial contours given the skills distribution legacy of South Africa and has thus resulted in large white South African communities abroad. However, the statistics which purport to show a brain drain are disputed and also do not account for repatriation and expiry of foreign work contracts. According to several surveys, there was a reverse in brain drain following the global financial crisis of 2007–2008 and expiration of foreign work contracts.
It also has a relatively high gross domestic product per capita compared to other countries in sub-Saharan Africa (US$11,750 at purchasing power parity as of 2012). Despite this, South Africa is still burdened by a relatively high rate of poverty and unemployment and is ranked in the top ten countries in the world for income inequality, measured by the Gini coefficient. In 2015, 71% of net wealth are held by 10% of the population, whereas 60% of the population held only 7% of the net wealth, and the Gini coefficient was 0.63, whereas in 1996 was 0.61.
Mandela and de Klerk were jointly awarded the Nobel Prize for Peace in 1993 for their efforts. After his death was announced, his life was remembered and celebrated in South Africa as well as around the world. Numerous memorial services were held, including one by the South African government on December 10. He was laid to rest at Qunu, in South Africa’s Eastern Cape province, on December 15.
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