khulumani-header-transparentkhulumani-color-logo-transparent

  • Written by  Independent Online
  • Published in In the News
  • Read 2825 times

FW de Klerk advice Swiss banks against lawsuits

Former South African president Frederik Willem de Klerk has advised Swiss banks to fight the legal action launched against them by victims of apartheid, in an interview to be published on Thursday.

Abstracts from article:

  1. "The actions launched against the Swiss banks are completely unjustified," de Klerk told the Swiss weekly Weltwoche. De Klerk, the last South African leader to preside over the country's former segregationist regime, dismissed the claim that investments from Swiss banks helped to prolong apartheid.

  2. "It wasn't sanctions or the withdrawal of international companies that ended apartheid but rather the economic growth of the 1960s and 70s," he said. De Klerk said foreign investors had contributed to the demise of apartheid by encouraging the country's growth.

  3. United States attorney Michael Hausfeld last week filed a lawsuit in New York against 20 companies including Swiss banks UBS and Credit Suisse Group, accusing them of extending financial support to South Africa in breach of a UN embargo against the apartheid regime. Three similar suits have also been filed by another lawyer, Ed Fagan.

  • Source: Full article "De Klerk urges banks to fight apartheid lawsuits" appeared on the Independant Online iol.co.za website

Subscribe to our Newsletter

Follow us on Facebook

@KhulumaniAfrica

Khulumani (KSG)
Thu Jul 20 17:10:54 +0000 2017

News from Our Olifants where Caroline and Nelson from Khulumani are participating: We are in the Middle Catchment... https://t.co/nm1JTVgMNg
Khulumani (KSG)
Thu Jul 20 08:47:03 +0000 2017

This is so important. Khulumani is a friend & solidarity partner of Abahlali BaseMjondolo: Free Data Abahlali... https://t.co/Sn4pg7jtcZ
Khulumani (KSG)
Wed Jul 19 07:43:18 +0000 2017

Share as widely as possible, Enrico. Thanks...Prospective Master and PhD students 2018: Research Scholarships... https://t.co/t0ui6zLR8R
Khulumani (KSG)
Wed Jul 19 07:41:26 +0000 2017

A report from Newman Simakuhle, here with Mr Pravin Gordhan: What a conference in the Mandela day, Ahmed Kathrad... https://t.co/0pIuJptnLK