Davis Cup Tennis
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A^HJ^ifumL I iniff; (CI XTC^M 1 E»rrrritnrn \cn-i NEWS/CHECK REPORTING ON AFRICA VOL 6 NO 21 1 DECEMBER 1967 6th Floor Total Centre 23 Jorissen Street Braamfontein Johannesburg Southafrica PO Box 25252 Tel 724-3412 EDITOR Otto Krause ASSISTANT EDITOR Robert Hodgins STAFFWRITERS Robin Briggs Terence Crawford-Browne Irena Hamilton Jean Le May • Ronald Scott Nicolas Stathakis • David Thomas Peter Wilhelm • Temple Williams CAPETOWN OFFICE Ann Starcke (Tel 23058) CROWDED PARIS BOURSE LAST WEEK EDITORIAL RESEARCHERS Figliliug Furl Knox Wendy Antonie • Sue Michel CONTRIBUTING WRriERS Denise Bernstein Tony Davenport • Tony Hillhouse THE DOLLAR UNDER FIRE Alec Papageorge Madeleine van Biljon Martin Walker IGH NEWS this week came from UK. France withdrew from the pool Tony Williams-Short H Paris where President Charles de six months ago to chart its own gold Malcolm Woolfson Gaulle conducted, and that is the only policy. Every one of the six and John PRODUCTION/ADVERTISING word, one of his periodic press con son gave firm assurances this week Helen Bloom • Isobel Gowie ferences. In language as lofty as the that the dollar would not be devalued. Anne McKrill chandeliers of the Elysee Palace the But then so had British PM Wilson ADVERTISING REPRESENTATIVES CAPETOWN champion of the third world pronoun been discounting rumours of a sterling Charles Cameron-Strange ced his views on some of the problems devaluation since his term began. (Box 4511 • Tel 41-1508) facing men around the globe. In view Taken by storm. Even before the DURBAN of Britain's devaluation and the per Fred Brewis General's speculation-causing doubl (Box 3508 • Tel 6-9846) sisting story in international financial ings about the solidity of the dollar, circles that that was caused by a Published by Checkpress (Pty) that dollar was in some trouble. For Ltd at Total Centre Braamfon French plot, de Gaulle's comments on eign holdings of dollars, which repre tein Johannesburg money matters were eagerly awaited. sent claims on the US gold stock and Printed by Dagbreek (H&G) As it happened, he denied the plot ac therefore on the backing of the dollar, 27 Height Street Johannesburg cusation, but mounted what was in now total R21,000m, And all that Distributed by effect an assault on confidence in the would be needed to tip the US curren Central News Agency Ltd dollar. The Americans, accused de cy over the edge would be for other Commissioner St Johannesburg Gaulle, were taking over European countries with dollar holdings to join SUBSCRIPTION RATES companies by exporting "inflated dol Southafrica, SWA, Lesotho, Botswana, the French in turning in dollars for Swaziland and Mozambique: Surface lars" under the cover of the "gold gold. The pressure from private specu mall: R4.65 (half year). R9.30 (one year). Airmail: R15.00 (one year). exchange standard which only the US lators is already great—since the de Rhodesia, Malawi and Zambia: Air seems to enjoy". He suggested a re valuation of sterling, Paris's Gold freight: £3.4.0 (half year), £6.8.0 (one turn by all countries to the gold stan year). Airmail: £7.0.0 (one year). Exchange has been besieged by gold Britain: £6.8.0 (surface mail), £11.0.0 dard of the 1930s, with a higher price buyers. Yet alone they cannot do (airfreight), £18.0.0 (airmail). for gold. "As much as 100%" higher, much; only if central banks join the United States: ?18 (surface mall), $59 says Louis Vallon, a noted Gaullist (airfreight), $80 (airmail). attack will the trick be done. Australia: $A16 (surface mall), $A78 economist. Somehow, somewhere. In case de (airmail). Rates for other countries available on The stand-bys. This would be the Gaulle's direct attack on the dollar application. same as a 50% devaluation of the does fail, however, an alternative tack dollar in terms of gold, which is pro is still possible — a renewed attack on CONTENTS bably what de Gaulle wants. The US sterling which is still one line of de AFRICA 7 MOTORING 23 BOOKS 45 NEWSPEOPLE 38 is currently holding the price of gold fence, though a lesser one, for the EDUCATION 26 PRESS 35 to R24.8 an ounce, and Johnson's ad dollar. If de Gaulle causes trouble for ENTERTAIN RELIGION 30 MENT 29 SA BUSINESS 43 ministration has said that it will dish sterling it could result in a run on the INTERNATIONAL SCIENCE 22 BUSINESS 39 SPORT 20 out its gold stock, now worth only dollar which would finally end in its LETTERS 48 SOUTHAFRICA 3 R9,000m, "to the last ounce if neces devaluation. Besides demolishing much LIVING 35 WORLD/ MEDICINE 33 CHECK 13 sary" to back up the dollar. More of the brickwork of what de Gaulle DAVIS CUP TENNIS 16 over the US has won support from its perhaps rightly calls the "Anglo-Saxon THE McLUHAN VIEW 24 six fellow members of the International hegemony", that event would herald IMPASSE OVER SUEZ 11 Gold Pool — Belgium, West Germany, the opportunity for France to play real Holland, Italy, Switzerland and the big power politics. NEWS/CHECK 1 DECEMBER 1967 i The most complete iine of office macliir.es available from a single source is Olivetti also designed and manufactured to a single standard of excellence. It includes manual, electric and variable-spacing typewriters, and adding, calculating and accounting machines, to solve virtually every typing and figuie-^vcr.k prciilem of the modern office, from A to Z. Olivetti Africa (Pty) Ltd. — 15 Stiemens Street, Braamfontein — Johannesburg .^a^ ia^^fei ^mm^^m^m NEWS/CHECK 1 DECEMBER 1967 NEWS/CHECK REPORTING ON AFRICA SOUTHAFRICA TROLLIP, FOUCIIE, LE ROUX, HERTZOG GOVERNMENT Minislers breiigen ullijd vrcugde aan; is 't niet by 't komen, dun by 'i gaan Time for going With the Nationalist government so of change. ideas. Richard also pointed out that firmly entrenched — 1968 will be its Heads to roll. Most outspoken of five new Cabinet ministers in the last twentieth year in office — changes in the two was Dirk Richard, who this four years leave too little scope for the policy are reflected mainly by changes week named those Ministers he would inevitable changes which younger men in the Cabinet. Thus policies have like to see out of the Cabinet: Albert would bring about. Be this as it may, changed in important aspects since PM Hertzog, Alf Trollip, Jim Fouche and the NP machine was very angry at John Vorster took over from the late P. K. Le Roux. "The first three," said Richard this week for speaking out so Dr Verwoerd. Then there is always a Richard, " are the three oldest in the plainly. chance of renewal in government Cabinet, and I would (if I were PM) Stop me if you've heard this . through bringing in new Ministers. sacrifice them to the cruel principle Dawie, writing earlier in Die Burger, Most opposition supporters are apathe that age should not bar the progress of had made it clear that his sympathy tic about such matters, believing at best youth ... As for P. K. Le Roux," lay with PM John Vorster, who is not that since there is no chance of a Richard went on courteously, "he is a only younger in years than many of change in government, perhaps a shuff good enough farmer to know when the his Ministers, but in ministerial experi ling of the top men might slightly alle weather does not look good. Regarding ence. Southafrican PMs had not had viate some of the policies they dislike. Hertzog, Richard said that he did not much help from their Cabinets in cases However, from time to time there want him out for reasons which his like this, he said, and referred to are signs that change is long overdue: political opponents gave. "I attach little Smuts's complaint that the public grew that is when Nationalists themselves value to the accusations and insinua tired of seeing the same old faces and start talking about it. This is happen tions that he, as member of a group hearing the same old stories. Verwoerd ing now. In the last fortnight, two in or order, is obsessed with the idea of had also mentioned that his most diffi fluential Nationali.st columni.sts, Dawie building up a political power group cult problem had been with personali of Die Burger and Dirk Richard of around himself." Richard was against ties. As for Dawie himself, he was Daghreek, have come out on the side Hertzog because of his "out-dated" tired of the same old stories about the American Field Service — an obvious crack at Hertzog. Perhaps Southafrica will get tele vision after all. POLITICS At it again The Jopie Fourie branch of the Nasionale Jeugbond in Pretoria North is earning itself a reputation for ultra- verkraiiipte intolerance.