Stop Banking on Apartheid: Withdraw Your Money from Bank of America
by Southern Africa Support Coalition
Pasadena, California, United States
Leaflet issued as part of a campaign against bank loans to South Africa. The leaflet urges people to withdraw their money from Bank of America. The leaflet says the Bank of America, the largest bank in the U.S., participates in and stabilizes the racist, exploitive system of South Africa - called apartheid; along with other U.S. banks, European banks, and the U.S. Government, the Bank of America has numerous times helped bailout the South African Government from financial crises. The leaflet says Bank of America admitted at its 1978 Annual Meeting that it has loaned approximately $200 million to the South African Government and its state-run corporations. The leaflet says Bank of America joined with other U.S. banks in a $110 million loan direct to the South African Government to help it with its recurrent, chronic balance of payments problems in 1976, the year of the Soweto uprising when more than 1,200 Soweto school children were massacred by police. The leaflet includes a quote by the late Chief Albert Luthuli, President-General, African National Congress (ANC) and Nobel Peace Prize Winner. The leaflet discusses forced labor, the Sharpeville Massacre, and the economic boycott on South Africa. • Apartheid South Africa • Bank of America • Redlining Los Angeles • Your money is being used to finance discrimination • What can you do?
Used by permission of a former member of the Southern Africa Support Committee.
Collection: Carol B. Thompson and Bud Day Papers on Southern Africa, Michigan State University Libraries Special Collections