The World - News from Feb. 12, 1988
Western economic sanctions against South Africa have failed to isolate the country or hasten reform of apartheid, the country’s leading central banker said. Gerhard de Kock, governor of the Reserve Bank, told foreign reporters that sanctions and withdrawals by foreign firms have, if anything, helped slow the cautious reforms implemented by President Pieter W. Botha. In a bullish assessment, De Kock said the South African economy has been buffeted by factors that include black unrest in the townships but that it is moving from recession to prosperity.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.