Two more S. Africa- U.K. deals
By Peter Read
1969Peter ReadAfrica Read the scan at ETOL (PDF) →Read from the scan by machine and not corrected: headlines and words can be misread, and a caption or advert can run into the text. For anything you quote, read the scan.
TWO MAJOR deals—in motors and banking announced yesterday between British and South African companies emphasize the depth of British capitalism's commitment to Vorster's apartheid regime.
British-Leyland has received f7% million contract to supply 2,800 vehicles-including 440 buses and 1,600 trucks specially designed for local conditions-for final assembly in South Africa.
This order alone is worth more than its total business there so far this year.
The other big deal is for the financing of a big Durban paper mill.
The deal has gone to Lazard's, the City merchant bankers.
It includes a contract to supply over f4. million-worth of British equipment.
No amount of liberal protesting against the Springboks is going to smash the basic interdependence of the British and South African ruling