The inauguration ceremony for South Africa's first black president Nelson Mandela takes place in the Union Buildings amphitheater in Pretoria attended by politicians and dignitaries from more than 140 countries around the world.

Following three years of buying stock in Berkshire-Hathaway Warren Buffet gains a controlling interest in the company the shares were trading at less than $20.00 per share. Warren Buffet expands Berkshire-Hathaway into the insurance industry and other investments and as of the beginning of 2008 Class A shares were selling for over $150,000 per share making them the highest-priced shares on the New York Stock Exchange. ( Current Trading Price November 9th 2009 $95,295.00 so although took a hit during stcock market crash still seems like was good investment when bought for $20.00 per share.)