South Africa says freezes Gbagbo's assets

JOHANNESBURG Fri Apr 1, 2011 2:35pm BST

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JOHANNESBURG (Reuters) - South Africa will comply with a U.N. Security Council resolution to freeze assets linked to Ivory Coast's Laurent Gbagbo and his associates, Finance Minister Pravin Gordhan said on Friday.

"I have instructed the Financial Intelligence Centre to caution financial institutions not to become involved in any transactions or business relationships which may facilitate the provision of funds to persons or entities (listed under the resolution)," he said.

"In addition the South African Reserve Bank has indicated it will use the measures available to it to prevent any such funds from leaving the country," Gordhan said in a statement.

The U.N. Security Council slapped travel bans and asset freezes on Gbagbo and his closest associates on Wednesday in a bid to force the West African nation's incumbent leader to quit.

(Reporting by Phumza Macanda and Peroshni Govender; Editing by Ed Stoddard)

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