News In Brief

Congress weighs ban on loans by US banks to South Africa

American bank loans to the South African government would be banned under a measure attached by a House-Senate conference committee to legislation extending the Export Administration Act.

The South Africa provision would ban all future US bank loans to that country's government and corporations it controls. The loans now amount to between $350 million and $400 million. Approval of the ban would mark the first congressional sanction against South Africa for its racial-separation policy.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK