End Loans to Southern Africa
End Loans to Southern Africa
Location: London, United Kingdom
Duration: 1974 - 1994
End Loans to Southern Africa (ELTSA) campaigned for the end to apartheid through the imposition of effective financial sanctions. It was established in 1974 by the Reverend David Haslam to campaign initially against loans by Midland Bank, together with other European banks, to the South African government through the European American Banking...
End Loans to Southern Africa (ELTSA) campaigned for the end to apartheid through the imposition of effective financial sanctions. It was established in 1974 by the Reverend David Haslam to campaign initially against loans by Midland Bank, together with other European banks, to the South African government through the European American Banking Corporation. It subsequently broadened its activities to campaign through consumer and shareholder action; parliamentary lobbying and other activities against all foreign, particularly British, assistance to South Africa; and for the implementation of the United Nations General Assembly resolution to end all new investment in and financial loans to South Africa. ELTSA carried out research into British banks and companies, produced information and campaigning documents, and pioneered the techniques of pressure group shareholder action. A major element of its banks campaign was the boycott of Barclays Bank. ELTSA published the International Campaign Against Banking on Apartheid (formerly the International Banking Campaign Against South Africa) newsletter, 1986-91. In addition to the banking and disinvestment campaigns, in 1988 by ELTSA, the African National Congress (ANC), the South West African People's Organization (SWAPO), and the Anti-Apartheid Movement established the World Gold Commission which had the goal of denying South Africa income from sales of gold. Through Embargo (the successor to the Oil Working Group), ELTSA supported the oil embargo of South Africa, with particular focus during the late 1980s on the boycott of Shell. In 1994, ELTSA was transformed into the Southern Africa Economic Research Unit (SAERU) to address the economic legacies of apartheid and encourage financial assistance to the region.
View Full Description
Locate Physical Archives
Grid
List
