busineoo link0 with Suuth Africa. They yield royalty and licence paymanto which can be remitted at the higher %mraarcial rand” rate, while the proceed0 of dieinvestment have to be deposited in “financial rand” account@ and can be remitted abroad only at the lower “f inaxial rand” exchange rate. Moreover, non-equity arrangement8 often include supply contracts, and the former parent companiee thuo have guarantead export outleta for parto and fiuiahed producto. The most recent data (1966) on non-equity linke by multinationals in South Africa ohow that 85 of the 207 compaaiee disfnveated have retained some form of non-eauitv ties with South Afr!!can oueratione. In tae caee of United Statea fir&, 47 out of 77 have kept this link; United Kingdom comoanieo have maintained 10 out of 558 Germany (Federal Republic of) fimer 10 out of 17; French firms, 4 out of li; Canadian firme, 3 &t of 13. Th4 products licensed range from computsre and elactron*c equipPlaut to petrochemicals, pharmaceuticala, coucaunicatione technology end agribuoineao product& Tbua only a few TNCe are breaking all buafnaos tie@ with South Africa - a oituation that ie quite contrary to the impreooion given by atatiatica on dfoinveetmente. A/EL’552 English Page 13 III. SOUTB AKW7AN ECONOMY: SADCTIONB AND I@ACTZONS A. 28. Structural flaw8 in the South Afrfc8n economy have long rr;ade it dependent on foreign funds to finance economic growth, making it extremolp vdoereble to economic sanctions. This heavy dependence on foraign fiaaacing atsme from the inability of the South African economy to generate sufficient domestic savings for domaetic reinvestment, as well 4s th4 tendency for the currsnt account of the balance of payments to be in deficit during periods of economic growth. This ia larg8ly due to the g&?&&&d syet8m itaalf. The South African economy 
**Analysis**
The text appears to be discussing the economic relationships between multinational corporations and South Africa, specifically highlighting the financial arrangements and implications of non-equity links between the two. It also touches on the structural flaws in the South African economy and its dependence on foreign funds. Given the focus on financial and economic aspects, it seems likely that the text is related to the field of economics.

**Category**
International trade, Economic development