Petition from Harvard University faculty in support of divestment. The petition argues that U.S. corporations provide loans, technology, strategic goods and services, foreign exchange, taxes, protection from economic and diplomatic sanctions, thus giving symbolic approval to the South Africa apartheid regime. Almost every black leader and anti-apartheid organization in South Africa demands that all U.S. corporations leave the country. Because of Harvard's prestige and influence, its divestiture of South Africa related investments would significantly add to the mounting pressure on U.S. corporations to withdraw, thus helping to expedite the end of apartheid and the beginning of majority rule...
Petition from Harvard University faculty in support of divestment. The petition argues that U.S. corporations provide loans, technology, strategic goods and services, foreign exchange, taxes, protection from economic and diplomatic sanctions, thus giving symbolic approval to the South Africa apartheid regime. Almost every black leader and anti-apartheid organization in South Africa demands that all U.S. corporations leave the country. Because of Harvard's prestige and influence, its divestiture of South Africa related investments would significantly add to the mounting pressure on U.S. corporations to withdraw, thus helping to expedite the end of apartheid and the beginning of majority rule in South Africa. The petition therefore urges the Harvard Corporation to divest itself of all its financial holdings in corporations and banks that operate in South Africa.
