ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Foreign Banks in South Africa

Foreign Banks in South Africa ISG "THE banks have accomplished in two weeks what politicians haven't done in years", says the managing director of the Barclays subsidiary in South Africa. The reference is to the recall by the foreign commercial banks of the funds invested in the form of short-term loans made in South Africa. The reference to politicians points to the almost interminable wrangling between Western government and within the US Administration on the matter of economic sanctions in general and on the choice of sanctions, were they to be imposed, in particular.

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