UW's Re-investment in South Africa
by Gary Nelson, Students Against Apartheid
Seattle, Washington, United States
Undated, Fall 1988?
Students Against Apartheid
The report says University of Washington (UW) investment in South Africa and Namibia has reached $5 million, according to an administration accounting dated August 31, 1988. The document says UW was among the first public institutions to divest, but its "divestment" policy excludes only companies with assets in South Africa and Namibia. Most of its current South Africa investments are in companies which have recently sold or transferred their assets there but continue operations through franchise and licensing agreements with their former subsidiaries. For example, it has recently invested in Ford Motor Company, which sells vehicles to the South African military and police. Sales to the military and police are illegal under the Anti-Apartheid Act of 1986, but Ford is able to circumvent I.S. law by shipping components from Japan and Europe. The report includes UW Investments in South Africa that includes American Express Co., General Electric Co., Gulf + Western Industries, ITT Corporation, Merck & Co., Motorola Inc., Nynex Corp., Philip Morris Co., TWR, and Textron. The report discusses Anglo American Corp., Samcor, and the UW Regents.
Collection: Selma Waldman collection on the Seattle Coalition Against Apartheid (SCCA), Michigan State University Libraries Special Collections