SOUTH AFRICA'S TROUBLES SPREAD
IT has been a year since a confrontation in the sprawling township of Sharpeville claimed 29 lives and began South Africa's latest cycle of racial conflict. The bleak anniversary was marked in typically tragic fashion last week as the death toll from the year of strife passed 670 and mixed-race youths hurled rocks and firebombs at suburban homes owned by whites, the first time turmoil has spread into white neighborhoods. Nor was civil unrest all Pretoria had on its mind. A week after international bankers served notice that they would not roll over billions of dollars of loans, a Government that took pride in its credit rating halted repayments until Dec. 31. Controls to stem the flow of currency out of the country were re-introduced, preventing foreign companies from removing assets. The moves were intended, an economist said, to provide ''a breathing space.'' The rand rebounded from a record low but soon plunged again, prompting a Government promise to stand behind the banks. Gold provides about half of South Africa's foreign exchange, and a walkout by miners at five gold mines and two collieries could have compounded the Government's woes. But the union ''suspended'' the strike after a few days to spare miners dismissal and eviction from company hostels, as the mine owners had threatened.