On This Day - What happened 29 March 1999 AD

Although the 1996 constitution allowed the president to serve two consecutive five-year terms, Mandela had never planned to stand for a second term in office. He gave his farewell speech to Parliament on 29 March 1999 when it adjourned prior to the 1999 general elections, after which he retired in June 1999.

In 1999, the Dow Jones Industrial Average exceeds 10,000 on March 29.