Governor Signs Divestment Bill

SAN FRANCISCO —  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.”