[Dear Editor: As you know, apartheid in South Africa has become a major focus of the press, particularly as black dissent within the country increases and the minority government counteracts with escalating violence.]
by Miloanne Hecathorn, Stop Banking on Apartheid
San Francisco, California, United States
November 20, 1978
Stop Banking on Apartheid
Letter sent with a press release. The letter says that, while the U.S. government is attempting to help negotiate peaceful transitions to majority rule in Zimbabwe, Namibia, and South Africa, Americans are becoming more concerned about the support our banks and corporations give to the apartheid regime that is escalating use of violence against black dissent. Last Friday, over 1900 Californians demonstrated their abhorrence of Bank of America's support of apartheid by distributing a quarter of a million leaflets in 111 cities and towns (at approximately 400 branches) throughout the state. The letter requests better coverage of this important issue, particularly because people in the community you serve participated in this event, showing the need for a more thorough discussion about the support California banks give to apartheid. The letter offers contacts to people in local communities who are voicing these concerns, as well as other resources about bank lending to South Africa. The letter says $TOP BANKING ON APARTHEID is a coalition of church, labor, public interest, research and other community groups who are calling on banks in California to stop making all loans to South Africa. These loans support that country's blatant racial discrimination and suppression of its black majority. Our concerns also include socially responsible investment and the banks' local patterns in lending, affirmative action, and the use of union and public pension/retirement funds.
Used by permission of former members of Stop Banking on Apartheid.
Collection: Miloanne Hecathorn papers