Published on 13th May 2016 by

Black Millionaires (1996): Many black South Africans have defied the odds and made themselves fortunes in the post-Apartheid world.

For similar stories, see:
South Africa’s Post-Apartheid Generation

Will South Africa Ever Recover From Apartheid
Brutal Night Time Policing In Apartheid Era Soweto

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As South Africa adopts affirmative action policies, we profile some of the blacks who have overcome racial inequality. Half of South Africa’s 30 million blacks live below the poverty line. Despite this depressing statistic, a few break the trend. Black millionaires! Having acquired his wealth during apartheid, businessman Richard Maponya is the richest black in the country. Emerging from his opulent villa of eleven years he reflects on the turbulent times and his success in gatecrashing the horse racing set. Sam Tsima, winner of a 1988 study scholarship, is now the manager of the biggest bank in South Africa. Fighting for black rights, he teaches German twice a week to youngsters from Soweto. Many feel betrayed when rich blacks enjoy the spoils and move to wealthy suburbs. Yvonne Chaka-Chaka, singer and businesswoman, justifies her extravagant lifestyle as the result of dedication and hard work. Clapping and swaying to the music at a dinner-dance, she serenades the most successful of all black South Africans – Nelson Mandela.

Marion Mayor-Hohdahl – Ref. 302

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