Japan lifts economic sanctions against SA

Japan lifts economic sanctions, including bans on the import of gold coins and steel, as well as direct investment loans. Japan's stated position is that it has taken note of reform and stability in South Africa and wishes to indicate interest in again establishing full democratic relations and investment. Significantly, the lifting of sanctions is accompanied by the signing of a five-year contract signed the previous day by the South African steel group, Iron and Steel Industrial Corporation, and six leading Japanese steel companies.