Emerging South African Democracy and Open Markets Support Act

[AI summary unavailable — showing source text] Emerging South African Democracy and Open Markets Support Act - Declares that the purposes of this Act are to promote: (1) equitable participation in a competitive free market economy in South Africa and joint ventures between U.S. persons and black South Africans; (2) policies conducive to private sector development by the black population of South Africa; (3) democracy and free market systems; and (4) sectors which promote development. States that in providing assistance under this Act, consideration should be given to the extent to which South Africa is taking steps toward: (1) establishment of democratic systems; (2) respect for human rights; (3) economic reform based on market principles, the development of a private sector, and integration into the world economy; (4) respect for international law; and (5) adherence to responsible security policies and personnel. Directs the President to designate a private, nonprofit organization to receive funds pursuant to this Act. Designates such organization as the South African-American Enterprise Fund. Authorizes appropriations. Permits funds made available to the Fund to be used for: (1) the establishment of Employee Stock Ownership P…