South Africa the Big Pullout Goes On

Kodak quits, and Hong Kong imposes tough new sanctions

After IBM and General Motors announced last month that they planned to sell off their operations in South Africa, speculation quickly began over which big U.S. manufacturer would be next to go. Last week Eastman Kodak joined the growing list of departing companies, but Kodak went further than any other firm. The world's largest film and camera maker said it will not only sell its South African business, as other companies have done, but will refuse to sell any products to South African customers. Word of Kodak's withdrawal came one day after a three-week strike ended at a GM plant that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!