NEWS RELEASE - DIVESTMENT UPDATE

by Southern Africa Action Group
Middletown, Connecticut, United States
November 14, 1988
1 page
Type: Press Release
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
The news release urges people to show their support for divestment at a meeting of the Wesleyan University Board of Trustees on November 19, 1988. The press release says that, as a result of last spring’s students and faculty pressure, Wesleyan changed its policy regarding investments in South Africa. Under the new policy, Wesleyan has divested from all companies that received a rating of II or III from the Statement of Principles on South Africa (previously called the Sullivan Principles); the policy also called for a more stringent review of the remaining companies. The press release says this fall a member of the IRRC went to South Africa to investigate companies in which the University remains invested. After hearing the IRRC report, the Social Implications Subcommittee unanimously voted to recommend divestiture from four more companies, and the Board of Trustees is expected to pass SISC’s recommendations. Wesleyan will remain invested in six companies with equity investments in South Africa. The press release discusses Reverend Leon Sullivan and IRRC (Investor Responsibility Research Center). [Note: The Southern Africa Action Group (SAAG) sometimes used the name South Africa Action Group. No organization name appears on this document but apparently it is a SAAG document.]
Used by permission of Amy Randall and other former members of the Southern Africa Action Group.
Collection: Private collection of Amy Randall