Rubicon Speech
The Rubicon speech was delivered by South African President P. W. Botha on the evening of 15 August 1985 in Durban. The world was expecting Botha to announce major reforms in his government, including abolishing the apartheid system and the release of Nelson Mandela. However, the speech Botha actually delivered at the time did none of this. The speech is known as the 'Rubicon speech' because in its second-last paragraph Botha used the phrase, "I believe that we are today crossing the Rubicon. There can be no turning back." alluding to the historical reference of Julius Caesar crossing the Rubicon River. Background After a long period of isolation and strained diplomatic relations between South Africa and the international community, the National Party decided to hold a meeting to bring about reforms in the government. However, the meeting was shrouded in secrecy and mystery, and Botha was reported to have kept quiet and to have not participated even though he was present. This ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Durban
Durban ( ) ( zu, eThekwini, from meaning 'the port' also called zu, eZibubulungwini for the mountain range that terminates in the area), nicknamed ''Durbs'',Ishani ChettyCity nicknames in SA and across the worldArticle on ''news24.com'' from 25 October 2017. Retrieved 2021-03-05.The names and the naming of Durban Website ''natalia.org.za'' (pdf). Retrieved 2021-03-05. is the third most populous city in after and C ...
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South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Apartheid Government
Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was characterised by an authoritarian political culture based on ''baasskap'' (boss-hood or boss-ship), which ensured that South Africa was dominated politically, socially, and economically by the nation's minority white population. According to this system of social stratification, white citizens had the highest status, followed by Indians and Coloureds, then black Africans. The economic legacy and social effects of apartheid continue to the present day. Broadly speaking, apartheid was delineated into ''petty apartheid'', which entailed the segregation of public facilities and social events, and ''grand apartheid'', which dictated housing and employment opportunities by race. The first apartheid law was the Prohibition of Mixed Marriages A ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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1985 In South Africa
The following lists events that happened during 1985 in South Africa. Incumbents *State President: P.W. Botha.Archontology.org: A Guide for Study of Historical Offices: South Africa: Heads of State: 1961-1994 (Accessed on 14 April 2017) * Chief Justice: Pieter Jacobus Rabie. Events ;January * 31 –[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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1985 Speeches
The year 1985 was designated as the International Youth Year by the United Nations. Events January * January 1 ** The Internet's Domain Name System is created. ** Greenland withdraws from the European Economic Community as a result of a new agreement on fishing rights. * January 7 – Japan Aerospace Exploration Agency launches ''Sakigake'', Japan's first interplanetary spacecraft and the first deep space probe to be launched by any country other than the United States space exploration programs, United States or the Soviet space program, Soviet Union. * January 15 – Tancredo Neves is Brazilian presidential election, 1985, elected president of Brazil by the National Congress of Brazil, Congress, ending the Military dictatorship in Brazil, 21-year military rule. * January 20 – Ronald Reagan is Second inauguration of Ronald Reagan, privately sworn in for a second term as Presidency of Ronald Reagan, President of the United States. * January 27 – The Eco ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Speech At The Opening Of The Parliament Of South Africa, 1990
On 2 February 1990, the State President of South Africa F. W. de Klerk delivered a speech at the opening of the 1990 session of the Parliament of South Africa in Cape Town in which he announced sweeping reforms that marked the beginning of the negotiated transition from apartheid to constitutional democracy. The reforms promised in the speech included the unbanning of the African National Congress (ANC) and other anti-apartheid organisations, the release of political prisoners including Nelson Mandela, the end of the state of emergency, and a moratorium on the death penalty. Background South Africa's ruling National Party had instituted a policy of apartheid in 1948, separating the different ethnic groups into set areas and only giving white South Africans the right to vote. This was opposed by several groups including the African National Congress (ANC) which often resorted to violent means to oppose it. This resulted in most African nationalist groups being banned by the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an int ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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South Africa National Debt
The National Debt of South Africa is the total quantity of money borrowed by the Government of South Africa at any time through the issue of securities by the South African Treasury and other government agencies. As of 2021/22 total South African government debt was $130 billion. The country's debt to GDP ratio in October 2020 was calculated at 82.76% of GDP by the International Monetary Fund. Roughly 90% of the national debt in 2019/20 was denominated in South African rand thereby reducing borrowing risk due to currency fluctuations. By September 2020 around US$157 billion of South Africa's national debt was externally owned. As of December 2021 the share of domestic bonds held by foreign investors was 28.2%, this represented a declined to a 10-year low. History Apartheid era During apartheid South Africa faced a worsening financial situation stemming from an economic recession and increasing international sanctions in the 1980s. In 1980 the country's total debt amoun ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Bantustan
A Bantustan (also known as Bantu homeland, black homeland, black state or simply homeland; ) was a territory that the National Party administration of South Africa set aside for black inhabitants of South Africa and South West Africa (now Namibia), as part of its policy of apartheid. By extension, outside South Africa the term refers to regions that lack any real legitimacy, consisting often of several unconnected enclaves, or which have emerged from national or international gerrymandering.Macmillan DictionaryBantustan, "1. one of the areas in South Africa where black people lived during the apartheid system; 2. SHOWING DISAPPROVAL any area where people are forced to live without full civil and political rights." The term, first used in the late 1940s, was coined from Bantu' (meaning "people" in some of the Bantu languages) and '' -stan'' (a suffix meaning "land" in the Persian language and some Persian-influenced languages of western, central, and southern Asia). It subs ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Progressive Federal Party
The Progressive Federal Party (PFP) ( af, Progressiewe Federale Party) was a South African political party formed in 1977 through merger of the Progressive and Reform parties, eventually changing its name to the Progressive Federal Party. For its duration was the main parliamentary opposition to apartheid, instead advocating power-sharing in South Africa through a federal constitution. From the 1977 election until 1987 it was the official opposition of the country. Its first leader was Colin Eglin, who was succeeded by Frederik van Zyl Slabbert and then Zach de Beer. Another prominent member was Harry Schwarz who had led the Reform Party and was the chairman of the Federal Executive (1976–79), finance spokesman (1975–91) and defence spokesman (1975–84). He was regarded as the PFP's greatest parliamentary performer. Its best known parliamentarian was however Helen Suzman, who was for many years the only member of the whites-only House of Assembly to speak out unequivocally ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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National Party (South Africa)
The National Party ( af, Nasionale Party, NP), also known as the Nationalist Party, was a political party in South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ... founded in 1914 and disbanded in 1997. The party was an Afrikaner ethnic nationalist party that promoted Afrikaner interests in South Africa. However, in 1990 it became a South African civic nationalist party seeking to represent all South Africans. It first became the governing party of the country in 1924. It merged with its rival, the SAP, during the Great Depression, and a splinter faction became the official opposition during World War II and returned to power and governed South Africa from 4 June 1948 until 9 May 1994. Beginning in 1948 following the 1948 South African general election, general electi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |