SOUTH AFRICA: A Golden Bonanza

Like the U.S. and The Netherlands, South Africa has been placed under a total embargo by oil-exporting Arab nations. Unlike any other country, South Africa has not just survived the oil squeeze but is basking in a golden glow of prosperity because of it. Reason: the rising prices of the Arabs' black gold, oil, have helped to set off an even bigger rise in the price of the real yellow gold that South Africa mines in greater quantity than any other nation.

The Arabs imposed the oil embargo on South Africa partly in order...

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