The Government has withdrawn all special privileges which permitted the Zionist Federation here to transfer funds to Israel outside normal controls established for foreign exchange transfers, it was revealed here today. However, rumors that the Government has halted the transfer of funds to Israel altogether were denied today at the capital at Pretoria.
The Government, it was stated authoritatively, has only ended “favored nation” concessions to Israel, but will still consider applications for fund transfers on the merits of each application and in terms of regulations. Private money transfers to Israel, and commercial transactions, will continue in normal fashion, Pretoria authorities stated.
Edel Horwitz, chairman of the Zionist Federation here, confirmed the facts, but declined to comment.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
