Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Businessweek Archives

South Africa

International Outlook: Global Wrapup


Just before the recent general strike, African National Congress Presi-dent Nelson Mandela telephoned the chairmen of the country's 30 largest corporations. He asked them not to dismiss striking workers, implying that if they complied, the stalled political negotiations would soon begin again.

It was the clearest sign yet that the deep political crisis that has halted the talks on majority rule could soon be over. President F.W. deKlerk has been weakened by domestic and international criticism of his handling of recent violence in black areas. He is also being pressured to compromise by Herman J. Cohen, the visiting U.S. Assistant Secretary of State for African affairs. Cohen has been telling deKlerk that the white minority cannot hope to have a veto over policies once the majority takes over.

DeKlerk may go for a deal now being brokered by former U.S. Secretary of State Cyrus R. Vance. Vance's formula calls for the quick establishment of an interim government while negotiations on the country's political future continue.

While the ANC's tough tactics appear to have paid off, Mandela, too, has reason to want the negotiations resumed and tensions reduced. He is worried that investor confidence in the economy of the country that he aims to govern will otherwise be irrevocably damaged.Edited by Stanley Reed

blog comments powered by Disqus