Overseas Funds In South Africa Rise

Press, Volume CII, Issue 30213, 19 August 1963, Page 10

Overseas Funds In South Africa Rise

(New Zealand Press Association)

WELLINGTON, Aug. 18. Overseas funds in South Africa were rising and faith was starting to come back into the country, Mr C. Dargie, of Johannesburg, told the council of the Wellington Chamber of Commerce at its meeting this week. Mr Dargie, a former Wellington businessman, is a member of the New Zealand committee of the South Africa Foundation, a nonparty organisation formed to foster the country’s good will. "Only a fool would deny there was a lot wrong with South Africa,” he said. "But we do believe there is a great deal more good than is generally realised, and the good, in fact, far outweighs the bad.

“We do not all go around with revolvers and guns. Peace and tranquillity reign. There is very little trouble. In fact, there has been no trouble of any consequence since Sharpville.” Mr Dargie said the foundation, in which 19 countries had national committees, believed South Africa had a great future. "We believe the methods m which we are going about the problems will ultimately win. They will have to be modified undoubtedly, but I

believe they are starting in a very good direction." Mr Dargie said in reply to a question that a big percentage of Africans had started their own businesses, and the opportunities were tremendous. The African businessman had about 13 million people of his own he could trade with. It was not allowed by law for European capital to be invested in African townships. This was to stop exploitation. The present policy was one of developing the native among his own people till he reached the stage where he was capable of taking his place with the European.