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March IBF Explores the New South Africa On March 14, the luncheon was treated to a discussion on the possibilities for doing business in the new South Africa. The speaker was Dr. David Wiley, the Director of the African Studies Center at Michigan State University.
One of the themes central to Dr. Wiley’s presentation was the dichotomy that exists within South Africa. As an example, he presented information regarding the existence of both the first- and third-worlds within the same country. Calling South Africa, "a model for racial unrest, stereotypes, competition and hatred," Dr. Wiley went on to say that it is now a model for reconciliation, and both Chile and Argentina are following its example. While South Africa is home to income disparity, educational handicaps, rampant AIDS and rabies infection, and a victim of years of isolation, it is now becoming a world player. It is building an especially profitable industrial base in electronics.
Several reasons for entering into business with South Africa were listed. Among them are low stock prices, economic stability, a strong market economy, and a growing middle class. Dr. Wiley also noted that South Africa has been given an "investment class" rating, which puts it on the same level as Poland and Egypt. Dr. Wiley highlighted the connections between Michigan and South Africa. Speaking events such as Michigan State University being the first sanctions university, he emphasized the good relationship between the two areas. Dr. Wiley closed with a statement that the United States must end its commitment to white South Africa. After it has done so, the future for business connections between the two countries is bright. 
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