Stop Banking on Apartheid

(Number 4)
by Stop Banking on Apartheid
San Francisco, California, United States
September / October 1978
4 pages
Type: Newsletter
Coverage in Africa: Namibia, South Africa, Zimbabwe
Coverage outside Africa: United States, Canada, Europe, United Nations
Language: English
Contents: JOIN US ON NOVEMBER 17 !!! • NEWS • CALIFORNIA • NORTH AMERICA • INTERNATIONAL • CONTRIBUTIONS NEEDED!! • NOVEMBER 17 • RESOURCES • The newsletter says formation of the Bay Area Southern Africa Coalition (Bay SAC) and the Southern California Southern Africa Coalition (SCSAC) in June promises better coordination among antiapartheid and liberation support activists in the West. Over 35 groups have joined endorsing principles of unity aimed at grassroots expansion. Both coalitions sponsored demos protesting Ian Smith's visit to the U.S. and California (invited by the World Affairs Council and Senator Hayakawa); 2,000 came out in Los Angeles and 150 marched in San Francisco. On the Berkeley campus, 60 students picketed Bank of America (BofA) recruiters; the University administration would permit no dialogue between SERJ and BofA, nor would it deliver a letter explaining their opposition to BofA's presence. On November 19, BaySAC is sponsoring a major march and rally at Golden Gate Park Panhandle in San Francisco. Speakers include Theo-Ben Gurirab, U.N. representative of SWAPO (South West Africa People's Organization); Judge William Booth, President of the American Committee on Africa (ACOA); and Bill Wahpapah, National Coordinator of the Longest Walk. Five banks chartered by the State of California have made previously unrevealed loans of more than $44 million to businesses and government agencies in South Africa. “U.S. Bank Loans to South Africa,” a Control Data Exchange (CDE) Handbook, examines the participation of 100 U.S. controlled and related financial institutions in bonds, credits, and trade-related loans to South Africa. The National Council of Churches (NCC) closed its account at the Continental Illinois National Bank and Trust Company of Chicago. The NAACP, at its annual convention in Portland, Oregon, supported withdrawing accounts from banks lending to South Africa, corporate withdrawal from the country, refusal of landing rights to South Africa Airways (SAA), and a ban on South African participation in international cultural and sports events. There are antiapartheid groups at over 125 colleges and universities, and new regional groupings are bringing together campus and community groups for joint action. On June 5, the trustees of Miami University (Ohio) overturned an April 29 decision to divest of the school's holdings in Union Carbide and Warner Lambert Co; the trustees argued that such divestment would violate an Ohio State law prohibiting university interference in U.S. foreign policy. The Senate has once again postponed action on the Export-Import (Ex-Im) Bank bill, S. 3077. An International Day of Action against banking links has been called for Dec. 1 by a conference of Non-Governmental Organizations for Action Against Apartheid. The U.N. Assembly held a special session October 11 to commemorate International Anti-Apartheid Year. The demolition of Crossroads, a black squatters' community of 20,000 outside Cape Town, has been promised before Christmas, sparking protests inside and outside the country. Squatter shacks were burned and hundreds of fleeing people were arrested in and around the Indian Ocean port city of East London, during week-long raids by South African officials. Black unions have nearly doubled in size in recent years, while over 30 of their officials and activists have been banned (house arrest). South African War Resisters (SAWR) was recently formed in London. The newsletter includes a list of recommended alternative banks. The newsletter mentions Campuses United Against Apartheid (CUAA), the South Africa Catalyst Project, the Civic Center, United California Bank, the Chartered Bank of London, the French Bank of California, the Sumitomo Bank of California, Union Bank, Crocker, Security Pacific, Wells Fargo, redlining, credit unions, the Soweto 11, the South African Consulate, Rhodesia, Southern Christian Leadership Conference (SCLC), Atlanta Mayor Maynard Jackson, Meyer Feldberg, Kurt Waldheim, Prime Minister P.W. Botha, the South African Council of Churches (SACC), the ANC (African National Congress), the Black Consciousness Movement (BCM), the Minister of Justice, Mr. Kruger, the Minister of Defense, OMKEER, and the South African Military Refugee Aid Funds (SAMRAF). 
Used by permission of former members of Stop Banking on Apartheid.
Collection: Miloanne Hecathorn papers