Analysis: South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price | CNN Business

London/Johannesburg CNN  — 

South Africa’s ruling African National Congress (ANC) swept to power in 1994 on a pledge to “build a better life for all,” winning almost 63% of the vote in the country’s first democratic election.

Fast-forward 30 years and Nelson Mandela’s erstwhile liberation movement, which triumphed over the racist apartheid government, risks losing its parliamentary majority for the first time, according to opinion polls and analysts.

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind.

The economy has gone backward over

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