African Activist Archive

The mailing says the Task Force on Southern Africa plans to periodically print in the "Source," the newspaper of the Church Council of Greater Seattle (CCGS), an Honor Roll of churches and synagogues that have divested from banks or companies that do business in or with South Africa or Namibia. The Task Force urges congregations that have not done so to divested, and they will be honored in the future when they have. To avoid any confusion over the meaning of divesting, the Task Force has endorsed the "Guidelines for Divestment" drawn up by the American Committee on Africa, American Friends Service Committee, Interfaith Center on Corporate Responsibility, TransAfrica, and the Washington Office on Africa (which is enclosed). To meet the Guidelines, a bank must prohibit all new loans to South Africa and Namibia; if it has any existing loans, it must agree not to renew them. The Task Force on Southern Africa has surveyed 52 banks in the Seattle area, and this mailing includes a summary of the 25 responses in "Summary of Seattle-Area Bank Responses to CCGS Written Inquiry." The Guidelines say that companies should have no direct investment in these countries or have not entered into franchise, licensing or management agreements with or for any entities there. The mailing says a South Africa Divestment List is regularly compiled by the United Church of Christ.

African Activist Archive

Investments in South African Apartheid

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