Transkei independence marks UN attack on apartheid
UN General Assembly launches annual assault on South Africa's apartheid system timed with Transkei independence at midnight. Nine resolutions seek to boycott the bantustan nation and other tribal states, while condemning alleged Israel South Africa collaboration amid U S opposition. Transkei spans 14 300 square miles along South Africa's southeast coast with 3.3 million black residents. Bantustan program partitions 13 7 percent of land to Blacks. whites hold 86 3 percent including key industries and fertile land. Blacks work in booming industries and receive citizenship in tribal states with limited rights in white South Africa. Leaders of seven of eight Bantustans reject independent statehood, arguing it would entrench white rule.
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Britain seeks IMF loan to stop pound slide
London, AP reports the pound steadied after a record low near $1.57 as Prime Minister Callaghan warned NATO could cut back if allies withhold a $3.9 billion recovery loan. The IMF and major partners denied press reports, while Britain urged exports and warned of political fallout from further austerity.
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