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News In Brief

Congress weighs ban on loans by US banks to South Africa

American bank loans to the South African government would be banned under a measure attached by a House-Senate conference committee to legislation extending the Export Administration Act.

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The South Africa provision would ban all future US bank loans to that country's government and corporations it controls. The loans now amount to between $350 million and $400 million. Approval of the ban would mark the first congressional sanction against South Africa for its racial-separation policy.