The last remnants of the South African fairy tale were put to rest in London’s influential Frontline Club in October. A packed audience comprising mainly media workers and more than a handful of public relations and investment advisers clearly concluded that the rainbow nation was no more than a myth. Yet, once upon a time, and not very long ago, when concerned investment groups started casting about to find somewhere outside of the industrialised world to increase the size of their cash piles, they looked to South Africa.
End of the “rainbow nation” fairy tale
November 6, 2012
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The last remnants of the South African fairy tale were put to rest in London’s influential Frontline Club in October. A packed audience comprising mainly media workers and more than a handful of public relations and investment advisers clearly concluded that the rainbow nation was no more than a myth. Yet, once upon a time, and not very long ago, when concerned investment groups started casting about to find somewhere outside of the industrialised world to increase the size of their cash piles, they looked to South Africa.