Issues for local governments to consider regarding policy toward economic relations with companies involved in South Africa. It discusses restrictions on purchases, relations with financial institutions, and issues concerning divestment. Detailed questions are included regarding definitions (e.g., "what constitutes doing business in South Africa?" and "does making loans to South African include indirect or correspondent banking?") timing, criteria for ending policy (e.g., "when is a bank or financial institution no longer considered doing business in South Africa?"), and exceptions for sole sources or essential services. Also, should the policy address policies to prevent increased risk or...
Issues for local governments to consider regarding policy toward economic relations with companies involved in South Africa. It discusses restrictions on purchases, relations with financial institutions, and issues concerning divestment. Detailed questions are included regarding definitions (e.g., "what constitutes doing business in South Africa?" and "does making loans to South African include indirect or correspondent banking?") timing, criteria for ending policy (e.g., "when is a bank or financial institution no longer considered doing business in South Africa?"), and exceptions for sole sources or essential services. Also, should the policy address policies to prevent increased risk or lower return on investment? Does the policy apply to international firms that propose to build on City-owned or Redevelopment Agency land? The document points out that the Police and Fire Retirement System, Oakland Municipal Employees Retirement System, and the Port of Oakland were not included in the City of Oakland ordinance; should they be asked to consider taking similar action? [Note: This document may have been created by the Africa Resource Center.]
