Economy of South America centuries. This can be explained by South America´s high concentration on primary commodities as well as the state of the educational system and institutional structure, some of which are still related to its colonial past, others to recent political developments. It was only from the 1990s when countries in South America switched over to the system of Free-Market economy. This eventually pulled countries in South America out of the debt crisis. Now, major economic activities include agriculture, industry, forestry, and mining. In 2016, four countries, which include Brazil, Ecuador, Argentina and República Bolivariana de Venezuela experienced decline in output. Other
State President of South Africa in 1961, most non-South African sources had referred to the State President as simply the "President". The leader of the African National Congress, Nelson Mandela, was sworn in as President on 10 May 1994. There is one living former South African State President: State President of South Africa The State President of the Republic of South Africa () was the head of state of South Africa from 1961 to 1994. The office was established when the country became a republic in 1961, and Queen Elizabeth II ceased to be monarch of South Africa. The position of Governor-General of South Africa