American Business and Financial Involvement in South Africa

by Julian R. Friedman
New York, New York, United States
March 22, 1965
Publisher: Consultative Council on South Africa
11 pages
Type: Report
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
This document by Julian Freidman, Professor of Political Science at Syracuse University, prepared for the National Conference on the South Africa Crisis and American Action in Washington, D.C., focuses on economic relations between the U.S. and South Africa, and particularly the $700 million to one billion in direct investment, loans, and lines of credit, which makes the U.S. the second largest source of economic transactions with South Africa, after Great Britain. Lines of credit from American banks were significant in turning around a crisis of confidence in South African in 1961. U.S. direct investment is particularly strong in manufacturing, where U.S. companies operate within the domestic laws and do not challenge apartheid. Friedman argues that U.S. companies can be a force either for or against apartheid and that the U.S. government could either offer to compensate them for any economic losses caused by their opposing it or deter their further economic support for the apartheid government.
This item was digitized for Aluka, which made it available to the African Activist Archive.
See: http://www.aluka.org/
Used by permission of Africa Action (successor to the American Committee on Africa).
Collection: Africa Action Archive