Since the end of apartheid in 1994, South Africa’s economy has gone through significant transformations, marked by periods of growth, crises, and structural challenges. The country’s transition to democracy led to early economic liberalization, fostering growth, especially in the 2000s, driven by a global commodity boom. However, persistent issues like high unemployment, inequality, and poverty have remained unresolved. The global financial crisis, political instability, and the COVID-19 pandemic slowed recovery, highlighting the need for deeper economic reforms.
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