Contents: I. College and University Divestment Action • II. Public Fund Divestments • III. Impact On Actual Investment in South Africa • DIVESTMENT ACTIONS ON SOUTH AFRICA BY U.S. COLLEGES AND UNIVERSITIES • The newsletter reports that this academic year 18 colleges and universities took action to divest holdings in corporations and banks involved in South Africa; five schools moved to totally end such holdings. The newsletter reports on binding divestment measures enacted in 1984 in Nebraska, Maryland, New York City (affecting $665 million), Boston (most comprehensive in that includes Namibia-linked investments), U.S. Virgin Islands, Amherst (MA), Rahway (NJ), Charlottesville (VA),...
Contents: I. College and University Divestment Action • II. Public Fund Divestments • III. Impact On Actual Investment in South Africa • DIVESTMENT ACTIONS ON SOUTH AFRICA BY U.S. COLLEGES AND UNIVERSITIES • The newsletter reports that this academic year 18 colleges and universities took action to divest holdings in corporations and banks involved in South Africa; five schools moved to totally end such holdings. The newsletter reports on binding divestment measures enacted in 1984 in Nebraska, Maryland, New York City (affecting $665 million), Boston (most comprehensive in that includes Namibia-linked investments), U.S. Virgin Islands, Amherst (MA), Rahway (NJ), Charlottesville (VA), Cuyohoga County (OH), Rockland County (NY) and Oakland. The momentum of public fund and campus divestment played a critical role in the 295-127 vote by the U.S. House of Representatives in favor of the Gray/Solarz bill that would: l) bar new investment in South Africa, 2) bar loans to the private and public sector in South Africa, 3) ban importation of the Krugerrand, 4) bar computer sales to the South African Government, and 5) prohibit export of nuclear materials and technology. The newsletter includes a quote from John Chettle of the South Africa Foundation. The newsletter discusses the Dartmouth College Trustees, the California State University at Northridge, Ohio State University, the Stony Brook Foundation, the State University of New York (SUNY), the SUNY Board of Regents, the University of Iowa, Grinnell College, Georgetown University, Iowa State University, Hobart and William Sm1th Colleges, Florida State University, the City University of New York, Evergreen State College, Western Washington University, Rutgers University, Harvard University, Brown University, Oak Industries, City Investing, Blue Bell, West-Point Pepperell, Perkin-Elimer, Opico, Pan American World Airways, Pepsico, International Harvester, Anglo-American Corporation, Coca-Cola, South African mining stock, Premier Group, Rennies, Metal Box, constructive engagement, the Krugerrand, and U.S. banks. [Note: Perkin-Elimer is presumably Perkin-Elmer.]
