DFL Rally

Thabo Mbeki, President of South Africa, announced his resignation in a televised speech after his party, the African National Congress (ANC) to ask the …
A rand worth more than a dollar at the time of its birth in 1961 until 1982, when political pressure combined with increased sanctions against the country because of apartheid started to erode its value. Change traded above parity with the dollar for the first time in March 1982 and continued paying between R1’R1, 30 per dollar until June 1984 when the depreciation gain momentum. Towards February 1985, was trading for about R2 per dollar in July that year all foreign exchange was suspended for 3 days to try to avoid its further devaluation.
When the State President PW Botha gave his speech on August 15, 1985, the change had weakened to R2, 40 per dollar. The currency recovered somewhat between 1986’88, contributing close to the level of R2 for most of the time and breaking up the floor occasionally. The recovery was however short-lived and by the end of 1989 the rand was trading at levels of more than R2, 50 per dollar.
When it became clear in early 1990 that the country was bound for the black majority government and a reform after another was announced, uncertainty about the future of the country to hasten the depreciation of the dollar was shifted by R3 in November 1992. A number of local and international events influenced later on the exchange rate, notably the democratic elections of 1994 saw a weakened R3, 60 per dollar, the election of Tito Mboweni as the new governor of the Reserve Bank of South Africa and inauguration of President Thabo Mbeki in 1999 that saw him slip on quickly R6 to the dollar. The controversial land reform program was initiated in Zimbabwe, followed by the attacks of September 11, 2001, propelled to its historical levels rand weaker R13, 84 per dollar in December 2001.
The sudden depreciation in 2001 led to a formal investigation, which in turn led to a dramatic recovery. Towards the end of 2002, the currency was trading below the R9 per dollar again, and towards the end of 2004 was trading below the R5, 70 per dollar. The currency depreciated somewhat in 2005, and was trading around R6, 35 per dollar at the end of this year. In early 2006, however, the currency resumed its recovery, and since January 19, 2006 was trading below R6 to the dollar again. The South African president Thabo Mbeki will resign amid allegations of … South Africa. President Thabo Mbeki resignation …
Johannesburg, South Africa The South African President Thabo Mbeki, resigned … “South African President resigns at the request of his political party …
News of South African President … Thabo Mbeki. I was reading the blog, maven, about internet search President resigns from South Africa, Thabo Mbeki. Sep-21 23:14 hrs. Thabo Mbeki, South African President …