UC Pledge on S. Africa Stocks
The University of California will not add to its $2.4-billion investment in companies with South African ties until deciding next month what to do with the stock it already holds, the chairman of a regents investment committee said today.
Regent Edward W. Carter announced the plan before testimony to the board on the issue of divestment. Outside the Lawrence Hall of Science, hundreds of anti-apartheid demonstrators threatened to keep the regents from leaving today’s board meeting until they vote on the divestment issue.
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