The press release from the Hawaii Committee for Africa announces that the state of Hawaii Employee's Retirement System (ERS) has divested almost $1.06 billion from South Africa-related companies, possibly among the five largest divestments in the U.S. ERS administrator Stanley Siu noted that some $12.6 million of South Africa-related investments remains in the ERS portfolio, due to be divested in late 1992 or early 1993. The Hawaii Committee for Africa has urged the ERS to complete the divestment as soon as possible. The release says there has been great progress in South Africa, but government-inspired violence and murder also has dramatically increased and the African majority still does...
The press release from the Hawaii Committee for Africa announces that the state of Hawaii Employee's Retirement System (ERS) has divested almost $1.06 billion from South Africa-related companies, possibly among the five largest divestments in the U.S. ERS administrator Stanley Siu noted that some $12.6 million of South Africa-related investments remains in the ERS portfolio, due to be divested in late 1992 or early 1993. The Hawaii Committee for Africa has urged the ERS to complete the divestment as soon as possible. The release says there has been great progress in South Africa, but government-inspired violence and murder also has dramatically increased and the African majority still does not have the right to vote for national leaders. The contact person is Dr. Joel Fischer.
