As a prelude to the economic coercion against SA, AAC/ DBeers in 1984 took about R10Milliard out of SA, with the aid of Gerhard de Kock, Pres. of the Reserve Bank, & Owen Horwood, Finance.
They invested the money in Minorco, with it's base in the Bermudas. When the int. community started an intensive economic campaign against the SA, the degree of SA independance/vulnerability abroad was very high.
In July 1985 Dave Rockefeller's Manhattan Bank created a financial crisis in SA's short term debt abroad. Other banks followed suit in the financial onslaught against SA. Meanwhile the American multi-national companies started a campaign of disinvestment in SA. Some 40 companies in SA were involved in 1985, and 50 in '86. The matter of complete economic sanctions was hotly debated all over America. The opposition said blacks would suffer - eat away apartheid.
Those in support of sanctions argued that segregation and apartheid developed in a decade of economic growth, that many Black SA's were in favour of sanctions and that Botha was unyielding in his refusal to give blacks an effective say in SA politics.
Conditions were given and:
To negotiate annual investment in SA, the PW government was forced to find about 54% of all investing funds abroad, since 1978, to bypass the effects of sanctions!
ANC in charge now? Yes, what funds?
MF
Ps. You drank shake-shake last night? Try a dash of Jack's to go, garnish with pineapple, relieves PAP in induced haemmorrhoids the next day they say.