In terrifying footage of the incident, the children can be heard screaming in fear as parents race over to save them after the ride broke and fell on top of them.
Footage shows four girls can be seen happily swinging around on the carousel while a parent films their youngsters enjoying themselves.
Moments later the footage blurs as the ride tumbles and the children are caught underneath.
Screams and cries can be heard from both the children and their parents who rush over to help.
The ride collapsed at the Cresta shopping centre in South Africa
Miraculously no child was left with life-threatening injuries, with only bad bruising, stiff necks and headaches being reported following the accident.
However, the outraged parents have lambasted the Cresta shopping centre, in Johannesburg, South Africa, as they claim staff did not do "in-depth health checks" on the youngsters following the crash.
Nicolene Jonker, who dropped off her children, at the shopping centre's fun area, where the carousel was located, said her kids were in tears when she rushed back after hearing the commotion.
She said: "About 30 minutes later we heard this big loud noise coming from the arcade area – people screaming, children crying. We got such a fright and went over.
Four children required medical attention following the incident
It took so long, they didn't assist the girls first
"Civilian paramedics came to help. Our children were in tears.
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“The security guard at the arcade said we should take them to Cresta Health-Worx, the first aid section, in the basement of the centre."
The mother added she, along with other parents who had left their children in the play area, were left fuming were reportedly more concerned about the paperwork, than making sure the youngsters were treated for their injuries.
She continued: "It took so long, they didn't assist the girls first, they wanted us to fill in new client forms first."
Shortly after the scare, ambulances arrived and took the children to hospital for checkups.
According to once witness, the incident happened after the carousel owner left it unattended.
Shopping centre bosses have vowed to provide trauma counselling for all those affected by the incident, for which there has not been an official explanation yet.
However, press officer Melissa Douman said an investigation into the incident is underway.