Word: vorster
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...than a year researching the topic. The subcommittee interviewed representatives of corporations and banks operating in South Africa as well as members of anti-apartheid groups. It investigated corporate labor and management policies in South Africa and analyzed the ways in which U.S. banks affect the finances of the Vorster government...
...finance its strategy of building up a defense, energy and industrial infrastructure, the government arranged so many bank loans that by 1976 it owed $7.6 billion. In recent years U.S. banks have supplied an every-increasing proportion of these loans as the Vorster government's international credit rating declined. Without American support, South Africa could not have financed the development program it adopted which now makes it much easier to keep down black unrest and resistance...
...full light of day. Despite its efforts, the Clark subcommittee was unable to decide which were the largest U.S. firms in South Africa. This lack of even very basic knowledge of U.S. corporate activities in South Africa hampers any attempts to monitor the relationship between the companies and the Vorster government. Employing the same criteria used in United Nations estimates, the Clark subcommittee decided that the 13 largest American firms in South Africa are General Motors, Mobil Oil, Exxon, Standard Oil of California, Ford Motor Co., ITT, General Electric, Chrysler, Firestone, Goodyear, 3-M, IBM and Caterpillar. Harvard owns stock...
Here and there, democracy fared well. Not, however, in South Africa, where the government of Prime Minister John Vorster cracked down harder than ever upon a restless but dispirited black majority and banned or arrested many of the country's leading voices of dissent. But in Spain, after four decades of repressive dictatorship, more than 20 million voters turned out peacefully to accomplish what Spanish newspapers called "a triumph of moderation." Parties of both the far left and far right were rejected in favor of a middle-of-the-road government headed by Premier Adolfo
...gruff but avuncular authority figure, Vorster gained votes from both South Africans who want him to safeguard the country against change and those who want him to bring about change safely. In recent weeks there has been a series of incidents-a rash of daylight robberies and attacks in white suburban areas -that has had an unsettling effect on the national psyche. A bomb exploded at rush hour in Johannesburg's leading shopping complex, injuring 19 people. Two weeks ago, a National Party candidate for Parliament, Economist Robert Smit, and his wife Jeanne-Cora, were murdered in their home...