Economy On The Rise In Former Apartheid Hotbed

<p>From a former hotbed of apartheid has risen a bastion of economic hope. A new shopping mall is part of the economic turnaround in the South African township of Soweto.</p>
September 28, 2007, 7am PDT | Nate Berg
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"Former President Nelson Mandela opened the largest shopping center in Soweto on Thursday, more evidence of the business boom that is transforming South Africa's most famous township."

"The 699,654-square-foot, $86 million Maponya Mall is the latest venture by Richard Maponya, a close associate of Mandela and one of Soweto's oldest entrepreneurs."

"Soweto, the sprawling township in the southwest of Johannesburg, was envisioned by apartheid's architects as merely a warehouse for workers. Since the end of apartheid more than a decade ago, it has increasingly established itself as a community - where people live, work and shop, and where business sees opportunity."

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Published on Thursday, September 27, 2007 in Time
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