U.S. CORPORATE EXPANSION IN SOUTH AFRICA

CIC Brief

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Creator

Anton Lovink; Corporate Information Center

Contributor

Barbara Rogers

Place Created

New York, New York, United States

Date

April 1976

Type of Item

Pamphlet

Length/duration

4 pages

Description

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...

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Publisher

Corporate Information Center

Organization

Interfaith Center on Corporate Responsibility

Coverage Africa

South Africa

Language

English

Digital Format

text/pdf

Rights Management

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