South Africa’s black middle class has prospered under democracy
But fiscal austerity may make it poorer
THE HEADY years after apartheid gave rise to what advertisers and the press called “black diamonds”. Portrayals of newly rich black South Africans were often crass, highlighting their flashy cars and fancy homes that had been out of reach in the era of white rule. Many of the gaudiest examples involved people close to the ruling African National Congress (ANC). In 2010 Kenny Kunene, a businessman and convicted fraudster who later starred in “So What: Big Money, Big Dreams”, a TV show, was criticised for spending 700,000 rand (then worth $47,000) on a party where he ate sushi off scantily clad women. His response: “It cost more than that.”
This article appeared in the Middle East & Africa section of the print edition under the headline “Bourgeois blues”
More from Middle East & Africa
The start of a fragile truce in Gaza offers relief and joy
But the ceasefire is not yet the end of the war
West African booze is becoming a luxury product
Female entrepreneurs are leading the charge
First, the ceasefire. Next the Trump effect could upend the Middle East
Will Israel and Donald Trump use the threat of annexation to secure a new grand bargain?
After 15 months of hell, Israel and Hamas sign a ceasefire deal
Donald Trump provided the X factor by putting heat on Binyamin Netanyahu, who insists the war isn’t over yet
A hidden refuge in Sudan that the internet, banks—and war—can’t reach
A visit to the Nuba mountains provides a glimpse into the future of the country
Violent jihadists are getting frustrated by the new Syria
Tipsy dancers, Christmas decorations, Shias and women’s rights are in the crosshairs