South Africa Pullout Parade

Bowing to pressure, more and more U.S. firms withdraw

When Congress voted sanctions against South Africa last month over President Reagan's veto, it left unresolved the thorny question of whether American firms would continue operating in the land of apartheid. While sanctions prohibit new American investments in South Africa, they do not affect the billions of dollars that U.S. companies have already invested in operations there. Thus the American business presence in South Africa has continued to be a focus for con-troversy, as well as a major public relations problem for many large U.S. companies. Last week, in a move that was of great symbolic importance even if of uncertain...

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