[Dear Friend: The past six months have been among the most exciting so far for the divestment movement]

by Dumisani Kumalo, American Committee on Africa
New York, New York, United States
June 20, 1985
Publisher: American Committee on Africa
3 pages
Type: Mailing
Coverage in Africa: South Africa
Coverage outside Africa: United States, Europe, Germany
Language: English
Mailing to anti-apartheid activists reports that the South African government set up a special post in the Department of Foreign Affairs to deal with divestment. It says homeland leader Gatsha Buthelezi was one of those trying to convince investors that they must continue doing business with apartheid. The mailing reports that the state of Iowa has adopted a bill aimed at withdrawing $300 million dollars. Cities that have taken similar action include Burlington, Miami, Pittsburgh, Richmond, Seattle and San Francisco. On March 15, New York City, which has already divested retirement funds, enacted an ordinance to ban deposits in banks making loans to the South African government and to severely restrict purchases from corporations selling to the South African military police, prison system, or Ministry of Cooperation and Development (which enforces the pass laws). As a result of the city action, Citibank, Manufacturers Hanover Trust, and Morgan Guaranty Trust announced that they were liquidating all present loans to the South African government and would make no future loans. On June 5, the U.S. House of Representatives passed HR 1460, the Anti-Apartheid Act of 1985 which bans bank loans, computer sales, and imports of Krugerrands and halts new investments to South Africa.
This item was digitized for Aluka, which made it available to the African Activist Archive.
See: http://www.aluka.org/
Used by permission of Africa Action (successor to the American Committee on Africa).
Collection: Africa Action Archive