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Article: U.S. investors could lose $1.2 billion if South Africa sanction law passes.
- Article from:
- PR Newswire
- Article date:
- August 1, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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U.S. INVESTORS COULD LOSE $1.2 BILLION
IF SOUTH AFRICA SANCTION LAW PASSES
NEW YORK, Aug. 1 /PRNewswire/ -- Five hundred thousand U.S. citizens will lose approximately $1.2 billion this year if legislation pending in the House of Representatives passes and forces them to sell shares of stock they own in South African gold mining companies, according to a study just completed by Wharton Econometrics (the WEFA Group).
The legislation pending is HR 1580, which would prohibit Americans from purchasing, acquiring, owning, or holding any investment in South Africa. The study was sponsored by International Investors, Inc., a leading ...