The letter opposes a decision by the National Conference of Christians and Jews to grant its Brotherhood Award to Charles W. Engelhard, who is the most powerful single U.S. investor in South Africa. As Chairman of the Rand Mines Organization, he controls nearly 15% of South African gold production and almost 20% of its uranium production. Through other directorships, he influences mineral policy decisions about two-thirds of all gold and uranium production in that country. Engelhard is a director of the Chamber of Mines, which sets the wages as well as working and living conditions for African miners. After the 1960 Sharpeville Massacre, when overseas investors deserted South Africa and created...
The letter opposes a decision by the National Conference of Christians and Jews to grant its Brotherhood Award to Charles W. Engelhard, who is the most powerful single U.S. investor in South Africa. As Chairman of the Rand Mines Organization, he controls nearly 15% of South African gold production and almost 20% of its uranium production. Through other directorships, he influences mineral policy decisions about two-thirds of all gold and uranium production in that country. Engelhard is a director of the Chamber of Mines, which sets the wages as well as working and living conditions for African miners. After the 1960 Sharpeville Massacre, when overseas investors deserted South Africa and created a major financial crisis, Engelhard arranged a $30 million loan for South Africa in the United States. Engelhard has the dubious reputation of having been the model of Ian Fleming' Goldfinger character.
