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U.S. Urges limits on foreign investment in apartheid South Africa
A Senate subcommittee report finds American firms in South Africa largely failed to oppose apartheid and often profited from it. It urges discouraging new investment, denying tax credits to firms supporting apartheid, and notes major companies employ about 100,000 South Africans, with 70 percent Black. The survey covers 75 firms including Mobil, GM, Ford, IBM, GE, and Chase Manhattan.
MENTIONED IN THIS ARTICLE
Washington (Ap
South Africa
Senate
Senate Foreign Relations
United States
Dick Clark
Diowa
U.S
America
Mobil
Standard Oil of
California
General Motors
Chrysler
Ford Motor Co
IBM
Control Data Corp
General Electric Co. 3M
National Cash Register Co
Chase Manhattan Bank
Amer
Ican
Africa
William N. Raiford
Library of Congress