Barclays faces apartheid court action
The action has been brought by the Khulumani Support Group, backed by Jubilee South Africa, against foreign companies that allegedly benefited from doing business in South Africa in the apartheid era.
Barclays was forced to pull out of the country in 1986 after protests against its involvement during the apartheid regime. A student boycott of the bank led to a drop in its share of the UK student market from 27 per cent to 15 per cent by the time it pulled out. Barclays returned to the country this year with the £2.9bn purchase of a majority stake in Absa, South Africa's largest consumer lender.
Barclays reiterated its view yesterday that the claims have no legal merit, saying it had "tried to be a positive influence for change" in South Africa.
Arguments in the reparations case will be heard in the Court of Appeals in the Second District of New York, on Tuesday. Khulumani and Jubilee supporters are planning demonstrations that day outside the South African Ministry of Justice in Pretoria in a last-ditch attempt to get the government to withdraw its opposition to the case.
The ministry says the case undermines the sovereignty of the South African government and has filed an affidavit calling for the dismissal of the case.
The group is appealing against a district court ruling in New York which rejected its application for reparations for victims of the apartheid regime.
Khulumani is seeking reparations from banks including Barclays, Citigroup and Deutsche Bank for lending money to the South African government in the 1970s and 1980s, which it says led to the expansion of the apartheid police and security apparatus. The group accuses oil companies including BP and Shell, and car makers including Ford and GM, of violating sales embargoes against South Africa at the time.
- 1 Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
- 2 James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
- 3 Reading Festival 2014: Tesco branch replaces salad and potatoes for Jagermesiter and vodka
- 4 Here’s the damning letter Robin Williams wrote to his Mrs Doubtfire co-star's principal after they expelled her
- 5 Ferguson protests: 90-year-old Holocaust survivor Hedy Epstein ‘arrested’ by police during St Louis demonstrations
Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
Michael Brown shooting: Ferguson police shoot and kill second young black man
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
Iraq crisis: Islamic State's message to America - 'We will drown you all in blood'
Ferguson: In the heartlands of America, a descent into madness
Isis threat: Cameron wants an alliance with Iran
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
iJobs Money & Business
£350 - £400 per day: Orgtel: HR Analyst - Banking - Bristol - £350 - £400 per ...
£475 - £550 per day + competitive: Orgtel: Senior Technical Accountant-Insuran...
£200 - £290 per annum + competitive: Orgtel: Sales Performance Manager, Key Ba...
£25000 - £30000 per annum + bonus+benefits+package: Harrington Starr: Junior D...