Sullivan urges U S firms to quit South Africa within nine months
Rev. Leon H Sullivan, author of the Sullivan Principles, called on all American corporations to pull out of South Africa within nine months. He urged withdrawal until apartheid ends and blacks gain full political rights, arguing the need to pressure Pretoria through business exit.
MENTIONED IN THIS ARTICLE
Washington
Leon H. Sullivan
South Africa
U.S
Sullivan
Philadelphia
Sullivan plea urges firms to back abolition of South Africa regime
A council representing most signatories to the Sullivan Principles said it will carry out the principles without Sullivan and left decisions on implementation to individual companies. Sullivan urged firms to sell interests to concerns that promote equal opportunity for blacks and to comply with the principles while doing business in South Africa.
MENTIONED IN THIS ARTICLE
Sullivan
South Africa
Ies
South Africa Revises Budget With Big Military Rise
South Africa announced a 1987 88 budget showing a 30 percent military spending increase and a 43 percent rise for the Finance Minister Barend du He. The plan sets total revenue at 19.2 billion dollars with a 4.25 billion dollar deficit equal to 4.7 percent of GDP. Inflation sits at 15.1 percent and the rial/price level rose to 22 percent from 19 percent last year, with 3.35 billion dollars for armed forces and 750 million for other items.
MENTIONED IN THIS ARTICLE
Town
South Africa
Govneato
Barend du
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