pic9202. ‘Stop Loans to South Africa’

ELTSA (End Loans to Southern Africa) and the AAM insisted that there should be no new loans to South Africa until there was firm agreement on a democratic constitution. In 1992 the parastatal electricity company ESCOM tried to float a new bond issue on international money markets. It was forced to withdraw in the face of reluctance to lend and protests like this one organised by ELTSA.