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South Africa Won’t Join Collective Talks to Suspend African Debt

  • Envoy tells newspaper most debt held by domestic pension funds
  • World Bank, IMF want negotiations with each country, he says
A closing down sign is displayed outside an art shop at the Irene Village Mall in the Centurion area of Johannesburg, South Africa, on June 11.

A closing down sign is displayed outside an art shop at the Irene Village Mall in the Centurion area of Johannesburg, South Africa, on June 11.

Photographer: Waldo Swiegers/Bloomberg

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South Africa won’t join collective negotiations with creditors to suspend or write off African nations’ debt, an envoy for the country told the Sunday Times newspaper.