A cover letter reports on numerous corporations' recent announcements of their exodus from South Africa, increasing pressure on companies that end their direct investment to also cut all other links to the apartheid economy, an increase in selective purchasing actions, and continuation of active campaigns for state and local divestment. For example, Oregon passed a divestment law, and Connecticut strengthened its divestment stance from one keyed to the "Sullivan Principles" to a new bill for total divestment. Selective purchasing actions have also scored big victories, as when Ashland Oil Co. withdrew from South Africa so one of its subsidiaries could gain a contract with the city of Los...
A cover letter reports on numerous corporations' recent announcements of their exodus from South Africa, increasing pressure on companies that end their direct investment to also cut all other links to the apartheid economy, an increase in selective purchasing actions, and continuation of active campaigns for state and local divestment. For example, Oregon passed a divestment law, and Connecticut strengthened its divestment stance from one keyed to the "Sullivan Principles" to a new bill for total divestment. Selective purchasing actions have also scored big victories, as when Ashland Oil Co. withdrew from South Africa so one of its subsidiaries could gain a contract with the city of Los Angeles. Rep. Ron Dellums and Senator Alan Cranston have introduced comprehensive sanctions bills in the House and Senate. The mailing includes State and Local Action on Apartheid, Pressure Needed to Stop U.S. Support for UNITA, Sample Resolution Calling for Strong Federal Sanctions, Build Support for Strong Sanctions, and a newspaper article, "Economic sanctions against South Africa are working." [This multiple-item mailing was distributed as an issue of the "Public Investment and South Africa Newsletter."]
