Abstract

Among the sober assessments of U.S. interests in South Africa by the Rockefeller Commission one finds a rare lapse into wishful thinking. It is the contention that the option of Major economic sanctions against the Republic ‘must be kept in the U.S. policy arsenal’. Since this distinguished body recommended against expansion and new entry into South Africa (but also against disinvestment), the commitment of American and European firms in South Africa has grown substantially. U.S. investment alone increased by 13 per cent in 1981. The 1,200 British companies, followed by 375 American and 350 West German firms, with a total foreign investment of R30 billion in 1982, seem to confirm the South African propaganda of stability and growth. These interests constitute an effective veto block against meaningful disengagement.

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