South Africa: African businesswomen create and spread wealth

In South Africa, women are taking advantage of new laws promoting diversity to share and spread the country's wealth. When apartheid began to crumble in the early 1990s, Salukazi Dakile-Hlongwane returned from self-imposed exile in the United States to make her fortune at home in South Africa. Armed with a master's degree in development economics from a prestigious U.S. school and years of experience in international development organizations, Dakile-Hlongwane sensed opportunity. In 1996, two years after Nelson Mandela was elected president in South Africa's first multi-racial elections, she joined forces with six other South African women to create a woman-only investment company, Nozala Investments, which has attained a strong reputation in South Africa's financial world.