U.S. CORPORATE EXPANSION IN SOUTH AFRICA
by Anton Lovink, Corporate Information Center
with Barbara Rogers
New York, New York, United States
Corporate Information Center
This document reports on three American companies that, in 1975, announced plans to invest more than $300 million in South Africa, more than one-fourth of the value of all present U.S. investment there. Kennecott Copper Corporation, the largest U.S. copper producer, plans to invest $120 million to develop titanium and iron-bearing sands in South Africa. Caltex Oil (owned by Texaco and Standard Oil of California), which already has about 21% of the South African market for refining crude oil, plans to expand its refinery capacity with an investment of $134 million. The document places these investments in the context of South Africa’s campaign to increase foreign investment and the potential impact of these expanded investment on U.S. government policy.
Used by permission of the Interfaith Center on Corporate Responsibility (successor to the Corporate Information Center).
Collection: Private collection of David Wiley and Christine Root