Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 23, 2021

South Africa Calls for Reparations for Victims of Slave Trade

South African President Cyril Ramaphosa asked the United Nations to prioritize reparations for communities whose ancestors were sold into slavery.

“We support the adoption of special measures, including affirmative action and targeted financial assistance, as restitution to communities whose ancestors were sold into slavery,” Ramaphosa said in a speech Wednesday to mark the 20th anniversary of the adoption of a United Nations declaration on racism.

He also called for greater representation of “African descendants” at global institutions and positions of leadership in order to address historic discrimination.

The Trans-Atlantic slave trade led to the enslavement and removal of 12.5 million people from Africa between 1501 and 1875, according to the Trans-Atlantic Slave Trade Database. The cost of reparations to the descendants of slaves is at least $4.9 trillion and may be nearly triple that, according to Kehinde Andrews, professor of Black studies at Birmingham City University.

Ramaphosa's remarks came on the same day a South African court ruled that a government bailout for tourism companies was illegal because it used race-based criteria to determine those who qualify. On Tuesday, South Africa's High Court struck down changes to mining regulations that required companies to bring on new Black shareholders

Read More

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search