He also attracted a substantial amount of Foreign Direct investment (FBI), making South Africa the centre of Africa’s growth. However, the policy demanded high skilled professionals, failing to address the high rate of unemployment among the unskilled majority in the country. He introduced the Black Economic Empowerment (BEE), which expanded the Black middle-class. Thabo Mbeki's administration saw an average of 4.5% annual growth rate of the South African economy. He also held several positions in the ANC, while in exile and back home. This judgment was, however, reversed by the Supreme Court of Appeal on January 12, 2009, in a unanimous decision.īefore rising to the office of president, Thabo Mbeki served as the deputy president to Nelson Mandela from 2002 to 2008. Nicholson found Mbeki guilty of the allegations, which necessitated the National Executive Committee of the ANC, to call for his resignation. He resigned from office on September 20, 2008, due to accusations of interfering in the National Prosecuting Authority including the prosecution of Jacob Zuma on corruption charges. Born on June 18, 1942, he served in office from June 1999 to September 2008, nine months short of his second term.
Thabo Mbeki is a South African politician and the second president of the country.
