Six banks and securities firms, all of which do business in and with New York City and all of which have business ties directly or indirectly to South Africa, have joined together to launch a management training program for black South African businessmen.

First Boston Corp., Chase Manhattan Bank, Chemical Bank, Citibank, J.P. Morgan & Co., and Manufacturers Hanover will provide funding and training slots for the Professional Development Program, an initiative that officials from the firms devised with Mayor David N. Dinkins and other city officials.

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