DIVESTITURE AND APARTHEID: SOME QUESTIONS ANSWERED

by Princeton Coalition for Divestment
Princeton, New Jersey, United States
Undated, April 1985?
4 pages
Type: Policy Document
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Contents: APARTHEID IN SOUTH AFRICA • CORPORATE WITHDRAWAL OR "DISINVESTMENT" • DIVESTITURE AND PRINCETON • INDIVIDUALS CAN MAKE A DIFFERENCE • This information pamphlet from the Princeton Coalition for Divestment (PCFD) was edited by Andrew Meyers, Pamela Belleck, Peter Heller, Eric Frey and Charlie Rosenberg. The pamphlet includes quotes by Hendrick F. Verword, former South African Prime Minister; Chief Albert J. Luthuli, Nobel Peace Prize Winner and Former President of the African National Congress; Report of the Senate Subcommittee on Africa; Black Consciousness leader Steven Biko; and former South African Prime Minister John Vorster. The pamphlet answers a series of questions including: 1) What Exactly Is Apartheid? 2) With So Much Injustice and Oppression In Other Countries, Why Single Out South Africa? 3) Why Is Corporate Withdrawal Necessary? 4) Don't U.S. Corporations Have A Progressive Role To Play In South Africa? Companies That Have Signed The Sullivan Principles Have Instituted Fairer Labor Practices Than South African Firms, So Wouldn't Withdrawal Just Make Matters Worse For Blacks? 5) If U.S. Companies Pulled Out Wouldn't Their Facilities Easily Be Taken Over By Foreign Investors From Japan, West Germany, Britain, etc.? 6) Why Should Princeton Divest? 7) What Exactly Is Princeton University's Involvement In South Africa Through Its Investments? 8) Will Divestiture Lead To Corporate Withdrawal Or Disinvestment? 9) The Primary Responsibility Of The Trustees Is To Protect Princeton's Endowment. Its Voice? Can't Investors Work More Effectively From Within Through Stockholder Resolutions And Letters To The Board? By Divesting Aren't We Just Washing Our Hands Of Moral Responsibility? The pamphlet discusses institutionalized racism, the white Afrikaner government, political expression, self-determination, the vote, rights of citizenship, Homelands, Bantustans, Sharpeville, the police, the Suppression of Communism Act, the Criminal Law Amendment, the Riotous Assemblies Act, the Unlawful Organization Act, the Terrorism Act, American corporations, profit, U.S. corporate involvement, direct foreign investment, U.S. banks, loans to the South African government, computers sales, petroleum, the automobile market, economic support and political legitimization for South Africa's apartheid regime, G.M. trucks, GM (General Motors), Ford, prisoners, the Department of Prisons, Mobil Oil, the Department of Defense, the Atomic Energy Board, taxes, "National Key Points", IBM, Boeing, Interpublic Corp., the African National Congress (ANC), the Pan Africanist Congress (PAC), the Indian Congress of South Africa (founded by Gandhi), the South African Student Organization (SASO), the South African Congress of Trade Unions (SACTU), the South African Council of Churches (SACC), Bankers Trust, BankAmerica (Bank of America), Chemical Bank of New York, First Chicago, Citicorp, capital, the International Monetary Fund (IMF), Boston's Trinity Investment, the Calvert Social Investment Fund, union pension funds, legislation, HR1460, S635, Representative Bill Gray, Senator Edward Kennedy, banning the importation of Krugerrands, Dunn & Bradstreet, Princeton's financial Vice President Carl Shafer, and stockholder resolutions. [This item is included in "The Princeton Coalition for Divestment: A Case History, April - June 1985."]
Used by permission of Thomas J. Knock. 
Collection: Thomas J. Knock papers