Governor Signs Divestment Bill
Gov. George Deukmejian, saying “we have a moral obligation to help others attain” freedom and opportunity, today signed a landmark bill to sell $11 billion in state investments in South Africa-connected firms.
“California is the world’s seventh largest economy and I think that our strong actions in enacting this legislation will make a difference,” the Republican governor said in a bill-signing ceremony at the state building. “Today California is signaling to the government of South Africa, and indeed to the world itself, that a great and free people are not going to fall silent to brutal racism and oppression.”
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.