SOUTH AFRICA SETS NEWS CONFERENCE ON DEBT
South Africa will disclose later today
new arrangements for its repayment of foreign debt, the Finance
Ministry said.
    Finance Minister Barend du Plessis will announce details at
a news conference at 1500 gmt, a spokesman said.
    Sources close to the ministry said South African
negotiators had worked out a favorable agreement on repayment
of 13 billion dlrs of debt after a standstill agreement expires
on June 30.
    The sources said a South African delegation led by chief
debt negotiator Chris Stals, director-general of finance, was
completing meetings in London today with foreign creditor
banks.
    "As far as South Africa is concerned, it looks like very
good news," one source said.
 REUTER
