<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
---------
The New South Africa Fund Inc.
--------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
--------------------------------------------------------
(Title of Class of Securities)
64880R101
--------------------------------------------------------
(CUSIP Number)
Jeffrey P. Gray, Wildman, Harrold, Allen & Dixon,
255 W. Wacker Dr., Chicago, IL 60606 (312) 201-2000
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 4, 1994
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with this statement /x/. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
SCHEDULE 13D
CUSIP NO. PAGE OF PAGES
--------- --- ---
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hayden L. Leason
SS####-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* (b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 290,493
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 290,493
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
290,493
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.11%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
ITEM 1 SECURITY AND ISSUER
Common Stock, $.001 par value, of The New South Africa Fund Inc., 101
Carnegie Center, Princeton, NJ 08540 ("NSA").
ITEM 2 IDENTITY AND BACKGROUND
(a) Hayden L. Leason
(b) Palmas del Mar
10 Monte Sol
Humacao, Puerto Rico 00791
(c) Private investor
(d) Not Applicable
(e) Not Applicable
(f) United States
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The reporting person used $4,090,141.44 of personal funds to acquire
290,493 shares of NSA common stock.
ITEM 4 PURPOSE OF TRANSACTION
The purpose of the acquisition is investment. The reporting person
may from time to time make additional purchases or dispositions of NSA
common stock although the reporting person has no present intention to
buy or sell any NSA common stock. The reporting person does not have
any plans or proposals which would relate to or result in any of the
items enumerated in Item 4(b) through (j).
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) Information concerning the number of shares of Common Stock
beneficially owned by the reporting person is contained in the
cover page of this Schedule 13D.
(c) The reporting person acquired 250,000 shares of NSA Common Stock
on March 4, 1994, at a price of $15.00 per share. Since that
time until January 31, 1995, the reporting person made periodic
purchases and sales resulting in acquiring a net of 40,493
additional shares.
(d) Not applicable.
(e) Not applicable.
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
<PAGE>
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and correct.
10/17/95 /s/ HAYDEN L. LEASON
______________________________ ______________________________
Date Hayden L. Leason
