Walking The High Wire

On the surface, South Africa's historic transition to majority rule looks as if it could spin out of control. Troops have been dispatched to the rolling hills of Natal province to keep a lid on violence between the followers of disaffected Zulu Chief Mangosuthu Buthelezi and the soon-to-be ruling African National Congress. Housewives in wealthy northern Johannesburg suburbs are stocking up on toilet paper and canned beans. The jittery currency and stock markets sell off at the slightest provocation.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.