South Africa Inc.: The Oppenheimer Empire

For much of Africa this year, immediate threats to survival dominated national agendas. In the extreme north and south, Libya and South Africa attacked the territory of weaker neighbors. Less noticed but far more widely devastating, a harsh drought destroyed crops across the continent, confronting more than 20 million people with the prospect of starvation. Declining rates of per capita food production over the last decade, coupled with escalating debt and falling returns on exports, left many African states at the margins of existence--at least according to Western calculations. And at year's end, a military coup abruptly ended four years of American-style democratic government in Africa's largest nation, Nigeria, renewing fears about political upheaval throughout the continent.