An Instance of Unwanted Control

Citibank, are heavily involved in South Africa. In fact, it was Chase Manhattan that started the run which ultimately forced the hands of the South African government to impose the freeze If South Africa had not imposed the freeze, it too would have been in arrears like Peru is right now. In fact, the South African debt position is far more precarious in that some two-thirds of its foreign debt of between $ 24 and $ 30 billion