recent months there had been historic developments in the effort to end apartheid and the prospect of negotiations towards a new system of government in South Africa. He also referred to the independence of Namibia. 43. Concerning the responsibilities of home countries of firms operating in South Africa, he noted that international finance was probably the area in which sanctions had the most severe effects on the South African economy.. International trade and foreign investment had a less immediate impact. The effect of sanctions in the area of international finance was expected to intensify in June 1990, when a large proportion of South Africa's debt would have been due for repayment. However, the expected crisis was averted with a new rescheduling agreement announced last October, which spread repayment of the debt due in June over a period of three and a half years. He noted that the Commission could call on Governments to expand their existing scholarship programmes, which would enable more black South African students to obtain higher education at their universities. It could also request a feasibility study for a comprehensive training programme and a pilot entrepreneurship training and business development programme for black South Africans in co-operation with transnational corporations. 44. As to the future work of the Centre, he said that the Panel's recommendations offered a range of options. In the case of Namibia, there was no doubt that continuing technical assistance would be needed in the formulation and implementation of appropriate investment policies. The Centre was already engaged in the preparation of a new investment code at the request of the new Government. Also, with the requisite funding, the Centre could play an important role in the organization of training programmes for black South Africans, along the lines recommended by the Panel, that is, with the assistance of transnational 
**Analysis**
The text discusses the economic implications of sanctions on South Africa, the prospect of negotiations towards a new system of government, and the role of the Centre in promoting economic development and training programs for black South Africans. The text also mentions the need for a comprehensive training program and a feasibility study for entrepreneurship training and business development. These points suggest that the category should be related to economic development.

**Category**
Economic development, International trade