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13 Jan 2010

Jaco Barnard-Naudé, in Business Day [So. Africa]

Angry appeals show true colours of business [So. Africa]

The apartheid reparation cases in the US courts continue this week amid news that similar cases are now being prepared in Europe...It is an understatement to say that big business, abroad and in SA, has generally spoken out against these claims...Daimler- Chrysler has gone so far as to say that it will terminate most — if not all — of its operations in SA should the claim against it proceed...Business’s dismay with the reparation cases is, of course, hardly surprising...[T]he idea of reparation is repulsive because it would signify an admission of responsibility for apartheid era atrocities; it would signify that somehow the maximisation of shareholder profit during apartheid was undue. [refers to Daimler-Chrysler]