Tag Archives: sanctions

22 October 1986 – General Motors pulls out of South Africa

On this day in South Africa's history: 22 October 1986

General Motors logo General Motors becomes the fourth big US business to pull out of South Africa. It joins Honeywell, IBM and Warner. It was believed the decision was influenced by the US Senate overriding of President Reagan's … Continue Reading ››

21 October 1986 – IBM re-forms in South Africa

On this day in South Africa's history: 21 October 1986

IBM logo When U.S. lawmakers approved economic sanctions against South Africa over President Reagan's veto, several high profile companies divested in name only. IBM calmly announced that it had sold its South African subsidiary to a new company … Continue Reading ››