What is a Divestment Campaign?

South Africa s divestment movement began in the 1960s. The purpose of the divestment movement was to resist South Africa s apartheid system, but it did not begin until the 1980s. In 1986, the United States launched a disinvestment campaign in the form of federal legislation. The South African government, which could not stand the attacks and sanctions of the international community in 1990, released Nelson Mandela and legally abolished apartheid in 1991.

South Africa divestment campaign

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South Africa s divestment movement began in the 1960s. The purpose of the divestment movement was to resist South Africa s apartheid system, but it did not start on a large scale until the 1980s. In 1986, the United States launched a disinvestment campaign in the form of federal legislation. The South African government, which could not stand the attacks and sanctions of the international community in 1990, released Nelson Mandela and legally abolished apartheid in 1991.

Chinese name

South Africa divestment campaign

Foreign name

disinvestment campaign

sponsor

United States

Nelson Mandela

Political influence of South Africa divestment campaign

South Africa divestment campaign

South Africa divestment campaign

In the struggle to abolish apartheid, apart from Nelson Mandela, who has a huge international influence, one must not forget the economic sanctions imposed on South Africa by the international community-the South African divestment campaign. This action led to the massive withdrawal of capital from South Africa, creating tremendous economic pressure on the South African government, and ultimately compelling the South African government to compromise on the issue of apartheid and abolition of the segregation system.

Economic impact of South Africa divestment campaign

Although post-colonial African countries have imposed sanctions on South Africa in support of the resistance movement, these measures have had only a small impact because the economies involved are relatively small. Only after major Western countries, including the United States, became involved in mid-1984, South Africa's economy was truly affected. Since 1984, South Africa has experienced a huge capital outflow due to divestment campaigns and repayments of foreign loans.

The annual net outflow of capital is:

US $ 9.2 billion in 1985 US $ 6.1 billion in 1986 US $ 3.1 billion in 1987 US $ 5.5 billion in 1988 The capital flight caused a sharp decline in the international exchange rate of the South African currency rand, and at the same time led to a sharp rise in the price of imported goods. 12% -15%.

The withdrawal of capital after 1984 has caused South Africa to experience a huge capital outflow, which has led to a sharp decline in the exchange rate of the South African currency and a sharp rise in the price of imported goods. As a result, the inflation rate has remained above 12%, even reaching 18.65% in 1986. Economic output has also been a mess during this period.