Word: firm
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Dates: during 1970-1979
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When one considers pressing corporations to withdraw from South Africa one should have a clear idea as to what that means. This problem was referred to by President Bok at the very close. Withdrawal means, in most cases, selling at a distress price to a Japanese or European firm whose attitude toward apartheid is apt to be worse, not better. The money thus realized must be invested for several years in South African government securities paying an interest rate about half that of the market. In other words, one must pay a ransom of some 40% of the sale price...
...issue of precisely how a firm goes about disentangling itself from the apartheid economy is perhaps the most arcane of all. South Africa, fearing the obvious consequences of foreign capital "heading for the exit," has evolved numerous laws and regulations designed to frustrate such moves; this is to be expected. But it does not require much training in the "dismal science" to realize that the more South Africa restricts the right of foreign investors to manage and dispose of their assets, the less attractive investment in that country becomes. To restrict unreasonably the freedom of investors to repatriate the profits...
...city of Leicester, she stepped out of her hotel precisely on schedule at 9 a.m. Dressed in a smart, gold-trimmed dark blue suit, her blond hair perfectly in place, she made her way to Grahame Gardner Ltd., a small local clothing firm. After greeting the proprietors, she climbed the stairs to a second-floor workshop and proceeded to win the seamstresses' hearts-if not their votes-by sitting at one of their machines and sewing away for a minute or two. Television cameras filmed the event for the evening news. By the time Thatcher left 45 minutes later...
...with money from British Publisher Vere Harmsworth's Associated Newspapers. Associated is selling most of its interest in Esquire to 13-30 Corp. of Knoxville, Tenn., a small but fast-growing publisher of specialized magazines (New Marriage, Nutshell, Graduate) aimed at readers aged 13 to 30. The firm is half-owned by the Bonnier Group, Sweden's largest publisher. "The backers [Associated] have decided to shift their resources," said a weary Felker last week. "It's all very complicated...
...United Church of Christ. He says, he's writing to Tony Lewis of the New York Times, who as you know devoted two articles to this subject. He says, "I wonder if you have any information which we lack concerning the political and physical possibility of any foreign firm actually withdrawing its assets from the Republic of South Africa. On March 30, 1977, the South African Finance Minister stated in his budget speech to the Parliament that foreign controlled South African enterprises will in the future only be allowed to transfer profits to foreign countries out of profits earned...