What Was the Name of the Policy in South Africa

question 163

Short Answer

What was the name of the policy in South Africa, enacted in 1948 and thrown out in 1994, that fortified the racial segregation of its population, much to the detriment of blacks?

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Definitions:

Impairment Loss

A reduction in the recoverable amount of a fixed asset or goodwill below its book value, recognized as an expense in the income statement.

Profit Margin

The percentage of revenue that remains after all operating expenses, taxes, and costs have been deducted from total sales.

Net Income

The final amount a company keeps as profit after deducting all costs and taxes from its gross revenue.

Marginal Tax Rate

The rate of tax imposed on your income, corresponding to each applicable tax bracket.