Word: johannesburgers
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...might plunge the country into Communism or racial chaos. Instead, the sternly ascetic Mugabe, 56, has preached a policy of national reconciliation and cautious gradualism in economic adjustment. In his sparsely decorated office in downtown Salisbury last week, Mugabe discussed his government's progress and goals with TIME Johannesburg Bureau Chief Marsh Clark. Excerpts...
...Villiers is a correspondent for the Johannesburg Sunday Times, the most widely circulated paper in South Africa. Although more whites speak Afrikaans than English, English-language newspapers outnumber their Afrikaans counterparts. The Pretoria-educated de Villiers notes that the "opposition press" has long spoken out against the more heinous forms of apartheid, with little success...
...intellectual elite are expressing themselves daily in favor of profound political and economic change," she says, adding, "But of course, this has elicited a reaction from the conservative wing." In spite of questionable popular approval, the Nationalist government has legalized full African participation in trade unions. However, last August, Johannesburg officials arrested and deported 1200 African municipal workers striking for union privileges authorized in the reform...
...Villiers says the Johannesburg arrests do not lead her to doubt South Africa's potential for peaceful reform. "You have to give people time to adjust," she explains. Positive that gradualism will bring change to South Africa, de Villiers has come to grips with Afrikaaner recalcitrance and foresees a workable peace in the future...
...London, an increase of $46. Later in the week, however, the price slipped back to around $700 per oz. Those levels are still well below the alltime high of $875, which was reached in January after the Soviet invasion of Afghanistan. Gold shares on the Johannesburg stock exchange in South Africa, where most of the Western world's gold is mined, were heavily traded. Reported one broker: "The Americans are grabbing everything they can get." Frightened Arab bullionaires are now asking for physical possession of their precious metal rather than leaving it in Swiss or other bank vaults. Reason...