A RATIONALE FOR THE PROTEST AGAINST BANKS DOING BUSINESS WITH SOUTH AFRICA

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Creator

George M. Houser; American Committee on Africa;

Place Created

New York, New York, United States

Date

Undated, about November 1966

Type of Item

Report

Length/duration

7 pages

Description

Withdrawal of accounts from banks that lend to South Africa is one of the few ways individuals or organizations can directly protest economic support for apartheid by U.S. financial institutions. The report calls attention to First National City and Chase Manhattan Banks because they are involved in a consortium that has provided a revolving fund of $40 million upon which the South African government can draw, they have loaned funds to South Africa independent of the consortium, and they are the only two U.S. banks that have branches in South Africa. • Policy of Engagement • Disengagement Policy • 1. The Moral Argument • 2. The Effectiveness Argument • 3. The Prestige...

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Publisher

American Committee on Africa

Organization

American Committee on Africa

Coverage Africa

South Africa

Language

English

Digital Format

text/pdf

Rights Management

Used by permission Africa Action (successor to the American Committee on Africa).

Collection

George M. Houser Africa collection, Michigan State University Libraries Special Collections