The Case for Corporate Withdrawal and No More Bank Loans to South Africa

by Chicago Coalition on Southern Africa, Clergy and Laity Concerned
Chicago, Illinois, United States
Undated, most likely first half of 1978
4 pages
Type: Report
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
This document says concern about U.S. loans to and investment in South Africa has grown significantly. Churches, university, unions and civic groups have publicly opposed continued U.S. corporate involvement there. The document notes that these organizations have initiated shareholder resolutions seeking corporate withdrawal, sold stock in corporations operating in South Africa, and withdrawn funds from banks lending there. This document responds to the arguments of the Republic of South Africa and many U.S. corporations. I. Foreign investment has not improves conditions for blacks in South Africa • A. Social and Political Condition • B. Economic Conditions • 2. The South African economy is not sound. • 3. Blacks in South Africa do not want foreign investment. • U.S. investment in South Africa is significant. • Growing Opposition to U.S. Corporate Involvement in South Africa
Used by permission of former members of Chicago Coalition on Southern Africa.
Collection: Carole Collins Africa Collection, Michigan State University Libraries Special Collections