Why has Bank of America loaned $188 Million to South Africa?
by Stop Banking on Apartheid
Berkeley, California, United States
Leaflet issued as part of a campaign against bank loans to South Africa. The leaflet says ask your bank manager: Why has Bank of America loaned $188 Million to South Africa? The leaflet says much of the money loaned by Bank of America to South Africa is used to import military goods which the regime needs in order to continue the system of apartheid. The leaflet says the growth of repression in South Africa, the continued impoverishment of the African population, the tightening of pass and curfew laws, the severe restrictions on the press, the Sharpeville massacre, the Soweto massacre, the murder of Steve Biko, and the recent crackdown, have all happened while U.S. banks and corporations have continued to invest in South Africa. The leaflet includes a petition to A. W. Clausen, President, Bank of America. The leaflet discusses Citibank, the South African Reserve Bank, the African National Congress (ANC), the Black People's Convention, the Pan-Africanist Congress (PAC), unionization, affirmative action, and red-lining.
Used by permission of former members of Stop Banking on Apartheid.
Collection: Carol B. Thompson and Bud Day Papers on Southern Africa, Michigan State University Libraries Special Collections