African Activist Archive

The leaflet consists of an article from the Washington Post reporting on city and state divestment legislation. It reports that the Massachusetts legislature overrode the Governor's veto and enacted a law requiring the two major state employee pension funds to sell all holdings in banks or companies that do business in or with South Africa. It quotes data from the American Committee on Africa that as much as $300 million in publicly controlled funds will be withdrawn from companies doing business with South Africa due to action by states and cities in 1982. Since 1972, the National Council of Churches and other religious groups have called on such major corporations as General Motors Corp., Union Carbide Corp., Texaco Inc. and General Electric Co. to withdraw from South Africa on the grounds that investment there supports and encourages the White-supremacist government. Other states and cities that have enacted laws requiring divestiture of at least some holdings has been adopted by Nebraska, Connecticut, Kansas, Michigan, Multnomah County (Portland), Ore., and Philadelphia. The article quotes Massachusetts State Senator Jack Backman and Dumisani Kumalo of the American Committee on Africa.

African Activist Archive

Growing Number of States, Localities Barring Investments in South Africa

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