On April 26, 1994, South Africans of all races went to the polls to mark the end of apartheid and the beginning of South Africa’s transition to democracy. In 10 years, the country has achieved many successes, including greater political stability and greater economic freedom. All of the major political parties continue their commitment to democracy, and there has been modest economic growth. The government has also reduced budget deficits and the public debt. More South Africans now receive education and have access to electricity and clean water. But there are challenges ahead. Concerns remain over the government’s handling of the AIDS epidemic, over‐​regulation of the economy, and the future of private property rights. Please join our distinguished panel for a timely discussion.