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
President of South Africa and the Tuynhuys in Cape Town. His living residences are Mahlamba Ndlopfu in Pretoria, Genadendal in Cape Town and Dr John L Dube House in Durban. President of South Africa The President of the Republic of South Africa is the head of state and head of government under the Constitution of South Africa. From 1961 to 1994, the head of state was called the State President. The President is elected by the National Assembly, the lower house of Parliament, and is usually the leader of the largest party, which has been the African National Congress since the first non-racial elections