International Marxist Group Archive

Magazines, bulletins and booklets of the IMG and its forerunners, 1961–1984

British and U.s. Imperialists Do Well Out of Apartheid

· The Week Vol. 7, No. 20, c. 16 May 1967 · p. 9 of the scan · 123 words

The scan: The Week v7 no20.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.

Britain earned $173m, and the United States #101m, from their South African investments in 1965. Together they accounted for about 70 per cent of foreign investment in South Africa in that year, according to a United Nations report released “in New York on May 11.

The report was prepared by the apartheid unit of the Political and Security Council. In 1965 the total of foreign assets in the country was estimated at $4.802m, The report went on: "By the yardstick of earnings on foreign investments, the attraction of South Africa to foreign investors is quite understandable."" As an example, it cited the United States as having a steady increase in earnings from South Africa - from 50m. in 1960 to 101m, in 1965.

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