/ 22 February 1999


SOUTH Africa’s total outstanding foreign apartheid debt amounted to just R235,8-million, finance Director-General Maria Ramos said on Monday. Addressing a National Assembly finance committee hearing, Ramos said loans taken out by the present government were unlikely to be open to renegotiation. Her comments come amid growing calls for South Africa’s apartheid debt to be written off. Jubilee 2000 and a number of other non-governmental organisation calculate that South Africa’s total state debt will reach R377-billion by the end of March this year, with the bulk of the money owed to local institutions and pension funds.