String effects and field theory puzzles with supersymmetry

We investigate field theory puzzles occuring in the interplay between supersymmetry and duality in the presense of rotational isometries (also known as non-triholomorphic in hyper-Kahler geometry). We show that T-duality is always compatible with supersymmetry, provided that non-local world-sheet effects are properly taken into account. The underlying superconformal algebra remains the same, and T-duality simply relates local with non-local realizations of it. The non-local realizations have a natural description using parafermion variables of the corresponding conformal field theory. We also comment on the relevance of these ideas to a possible resolution of long standing problems in the quantum theory of black holes.