Columbia College Chicago Digital Commons @ Columbia College Chicago Coalition for Illinois Divestment from South Africa Cheryl Johnson-Odim Collection (CIDSA) Documents 9-1983 Divestment: What? How? Where? Coalition for Illinois Divestment from South Africa Follow this and additional works at: https://digitalcommons.colum.edu/cjocidsa Part of the African History Commons, Social History Commons, and the United States History Commons Custom Citation Coalition for Illinois Divestment from South Africa. "Divestment: What? How? Where?" (September 1983). Cheryl Johnson-Odim Collection, College Archives & Special Collections, Columbia College Chicago. This Book is brought to you for free and open access by the Cheryl Johnson-Odim Collection at Digital Commons @ Columbia College Chicago. It has been accepted for inclusion in Coalition for Illinois Divestment from South Africa (CIDSA) Documents by an authorized administrator of Digital Commons @ Columbia College Chicago. CID SA Coalition for Illinois Divestment from South Africa DIVESTMENT: WHAT? HOW? WHERE? Divestment is the movement to withdraw funds from companies whose investment subsidizes the apartheid system in South Africa. Divestment is one way of severing the economic links which sustain South Africa's infamous system of STATES race supremacy-apartheid. Alabama California As of April 1983,legislation Colorado concerned with public investment Connecticut in companies involved with South Delaware Africa had been passed(or was Florida being passed) in 24 states, 19 cities Georgia and the District of Columbia: Illinois CITIES Indiana Berkeley One organization specializing Iowa Davis on the South Africa auestion,the Kansas Atlanta 'c.-ne:-ican Com.'lli ttee en Af:-ica, said Maryland Hartford :..... ecently, that t :'1 e 12.·n s adcp~e C. by ~1assachus.i.;tts ','t'ilmingtan :.o~""lecticut, Y:assac :"1:.: s2-: -: z , )":i:;".ig:c..~ :'·'! ichigan Camb:-idge ar.d the city o :" ? :1 :.. :.adel.;~--ic.. .s. 2. o:-i e i:~ir-.,.,. e sota G:.. and R2~iGs could result in the sale of $JOO Nebraska Ea.st LanSing million in corporate shares:: Nevada Madison New Jersey Minneanolis New York New York Oregon St. Paul Ohio Portland Pennsylvania Philadelphia C~URCHES AND U~IVERSITIES too Rhode Island Dallas have divested: By 1983 over JO Texas Seattle universities and colleges had with­ Washington Washington DC drawn more than $100 million from Wisconsin banks and corporations operating in South Africa. Many large churches, e.g.,the American Lutheran Church, resolved not to use banks and corp­ orations doing business with South Africa. The divestment movement is Recently,the Trades Union not limited to the USA, Sweden, Congress of Great Britain Norway,the British Council of Churches, called on union trustees of these and many ethers all participate. nension funds to institute a comnlete ban on investment in South Africa. (Guardian,London ) CIDSA po box 578413 chicago 60657 312 660-8671 9/BJ CIDSA Coalltlon f Ill ols' Divestment from South Africa e...,.. * P.O. BOX 57 I 3 Chicago, Illinois 60657 SOUTH AFRICA : FACT SHEET Population: 27,450,000 (1980 est.) 22,985,000 Black (African; Coloured, Asian) 4,465,000 White Area: 472,3.59 squ. miles (larger than Germany, France, Italy and Portugal combined) Political Status: White minority-controlled republic; no Black franchise; voting for and membership in the governing parliament restricted to Whites. Exports: gold, diamonds, uranium, wool, corn, sugar, fruits, hides and skins, fish products 70% of the population are Africans. They are allocated 13% of the land - the Bantustans. 17% of the population are whites. They are guaranteed in law the remaining 87% of the land, the richest and most productive portion. 13% of the population are "Coloureds" (persons of mixed parent­ age) and Asians. They have no land at all - only segregated residential rights in the urban areas . US multinational corporations and banks have invested over $6 billion in South Africa; they control 43% of South Africa's petroleum market, 23% of its mo tor vehicle sales, and 70% of its computer business. Over half the African work force are migrant laborers,. working at jobs that, in four out of five cases, pay wages below the bare minimum Poverty Datum Line. The infant mortality rate among Africans is 282-per-l,OOO, wh ich is over 200 times_ the 12-per-1,000 rate for whites. In 1979 the government spent $833 per year to educate each white child, and $82 per year on education for each black child. Major US Corporate Operations in South Africa: Mobil Oil, Caltex, Ford Motor co., General Motors, IBM, Goodyear, Fluor, Union carbide, Kennecott, Phelps Dodge, Newmont Mining. (Figures from company reports, US CONSULATE, and press reports). Major banks lending to South Africa: Citibank (NY), Chase Man­ hattan, Chemical Bank, Morgan Guaranty, Irving Trust, BankPu~er­ ica, Crocker National Bank, Wells Fargo, Arizona Bank, Cont­ inental Illinois Bank, First Chicago Bank , Northwestern Bank, Riggs Bank, First Nati onal Bank. (C OE HAND BOOK, 1978). From both the political and economic perspecti ves , sanctions support the cause of freedom and the creation of a democratic South Africa. Source: United Nations Center Against Aparthei d .