The Rubicon speech disappoints the world

1985 · Event

With the townships in flames and the world told P.W. Botha will announce sweeping reform, he delivers a finger-wagging refusal instead: 'Don't push us too far.' Within weeks the banks call in South Africa's loans and the rand collapses — the moment international capital, not just opinion, turns against apartheid.

On these timelines: The Fall of Apartheid, Sub-Saharan Africa, Economic History, Master

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