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The following section is consisted of part, full or summaries of articles from diverses sources (newspapers, newsletters, etc...).
La section suivante est constituée d'exraits, de la totalité ou de résumés d'articles provenant d'origines diverses (journaux,bulletins, etc..).


11 / 24 / 2002 

BUSINESS DAY (South Africa)

The article: "State distances itself from apartheid lawsuit"

IN ITS first official statement on the apartheid lawsuits recently lodged in New York, government says it will not support the claims against multinationals cited for having propped up apartheid.

Two separate legal actions have been lodged in New York against more than 20 corporate giants for their role in propping up apartheid until 1994. Critics say the lawsuits could hinder SA's bid to woo foreign investment.

Justice Minister Penuell Maduna said yesterday that the cabinet had taken a decision of "indifference", neither supporting nor rejecting the lawsuits. "We are not supporting the claims for individual reparations. We are talking to those very same companies named in the lawsuits about investing in post-apartheid SA."

Even if those claims in the US courts were successful, it would still leave SA with a legacy of underdevelopment to tackle.

"The focus is on getting those companies to keep investing in SA to benefit the entire population as a whole," Maduna said.

Finance Minister Trevor Manuel said on Friday in response to pressure from a US trade delegation to denounce the lawsuits, that "SA doesn't need this suit".

Commerce Secretary Donald Evans, the delegation leader, said the lawsuits were not helpful to US firms looking to invest in SA.

Jubilee SA chairman Mallet Pumelele Giyose scorned suggestions that foreign investment would be hampered. "Foreign investment has not really poured into the country, even though there have been no lawsuits of this kind." Companies investing in SA "democratically and accountably" had no reason to fear legal action of this sort, he said. With I-Net Bridge

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