Company News S.A. Reserves Decline
(N .Z P .A .-Reuter—Copyright) PRETORIA, April 12. South Africa’s gold and foreign exchange holdings dropped another £732,460 last week, according to the South African Reserve Bank. The reserves have been declining almost uninterruptedly since the racial violence a year ago, and businessmen attribute the falls to a lack of confidence by foreign investors in the political and economic future of South Africa, according to American Associated Press.
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Press, Volume C, Issue 29488, 14 April 1961, Page 19
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73Company News S.A. Reserves Decline Press, Volume C, Issue 29488, 14 April 1961, Page 19
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