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...longtime Dutch rivals, Algemene Bank Nederland (ABN) and Amsterdam- Rotterdam Bank (Amro). The pair forms Europe's sixth largest bank and the 19th biggest in the world, with combined assets of $184 billion and 55,700 employees. "A merger is necessary to operate worldwide and in the Netherlands," says Roelof Nelissen, Amro's chairman...

Author: /time Magazine | Title: Bareknuckle Banking | 7/30/1990 | See Source »

...first trip to the country in nearly eleven years, Jackson has not exactly been welcomed by the white establishment in South Africa. Even before his plane touched down, Foreign Minister Roelof ("Pik") Botha accused him of doing some double-talking in getting his visa. At a stopover in London, Jackson repeated his strong support for sanctions against the South African government. Said Botha: "It is a pity he made these remarks about sanctions, because he made exactly the opposite remarks to my Ambassador ((in Washington)) when they had private talks...

Author: /time Magazine | Title: Jesse Comes Calling | 2/19/1990 | See Source »

...issue is no longer really apartheid; it is political power. Foreign Minister Roelof ("Pik") Botha explains that the government began to shift away from apartheid when the National Party realized that it was impossible to stem the tide of blacks moving to urban areas in search of employment. "As the economic realities overwhelmed the dream," he says, "so did we come to realize that there were consequences of these policies that were indeed oppressive and humiliating." Bowing to those realities, P.W. Botha scrapped the hated pass laws...

Author: /time Magazine | Title: South Africa: At the Crossroads | 2/5/1990 | See Source »

...SWAPO incursions allowed South Africa, which agreed to the independence plan only grudgingly, a rare opportunity to cry foul. Calling the violations a "grave situation," Foreign Minister Roelof ("Pik") Botha warned that the Namibian peace process "could collapse within hours." Pretoria applied pressure on UNTAG's Finnish commander, Martti Ahtisaari, to reactivate some South African military forces and ordered others back to service on its own. Backed by Western public opinion for once, South Africa continued to threaten an end to the treaty. Declared Foreign Minister Botha: "SWAPO must surrender, lay down their arms, hoist a white flag...

Author: /time Magazine | Title: Namibia Botching the Peace | 4/17/1989 | See Source »

South African Foreign Minister Roelof ("Pik") Botha dips into his private stock of witblits (white lightning), a fiery homemade liqueur distilled from the berries of the wild marula tree, only on special occasions. So it was a sign of the heady mood in Brazzaville, the capital of Congo, that Botha broke out the good stuff last week. Botha and his fellow negotiators, who included U.S. Assistant Secretary of State Chester Crocker, Angolan Armed Forces Chief of Staff General Antonio dos Santos Franca and Cuban Deputy Foreign Minister Ricardo Alarcon de Quesada, were celebrating the signing of a historic protocol calling...

Author: /time Magazine | Title: Angola Flowers and Drinks All Around | 12/26/1988 | See Source »

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