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South Africa / United States Divestment #301887

CBS Evening News for Sunday, Feb 17, 1985
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(Studio) Harvard and Stanford univs. reported divesting themselves of stock in companies doing business with South Africa.
REPORTER: Bob Schieffer

(DC) Strategy of anti-apartheid movement noted incl demonstrations and arrests outside South African embassy here; Stevie Wonder's arrest shown. [S. African ambassador Bernardus FOURIE - claims to be unaware of protesters.] Incr. pressure on United States companies in South Africa to withdraw discussed; states and cities passing laws to sell their holdings in such firms listed on screen. [Pittsburgh city comptroller Thomas FLAHERTY, local NAACP (National Association for the Advancement of Colored People) spokesperson Chase KINDLE - support divestment.] Move by some banks to liquidate loans to South Africa or prohibit such lending altogether noted; Polaroid, Chrysler and Ford mentioned pulling out of South Africa. [Stk. broker Robert SCHWARTZ - discusses economy implications for companies] Divestment opponents' argument outlined; Zulu chief Gatsha Buthelezi recalled recent White House guest of President Reagan. [BUTHELEZI - believes divestment will harm blacks more than whites.] [FOURIE - considers divestment movement contradictory to free enterprise and free trade.]
REPORTER: Sam Ford

Reporter(s):
Ford, Sam;
Schieffer, Bob
Duration:
00:03:30

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