IMGpapers 1976–79

Newspapers of the International Marxist Group and its forerunners, 1976–79

Diamonds

Red Weekly No. 162, 18 August 1976 · p. 6 of the scan · 254 words

The scan: rw-no162-aug-19-1976.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
How this article was cut and titled: headline found by type size in the OCR geometry (split_tabloid.py); 1-1 of 5; machine-segmented newspaper page; uncorrected Vision OCR.

page 6 of the scan

There are also large deposits of diamonds, gold and other valuable in South Africa that are considered strategically important to western imperialism. 26 percent of the world's uranium reserves - essential for both nuclear warheads and nuclear power stations - are located countries have armed the racist regime - in Britain's case despite a In addition, 360 US companies have over $1.2 billion invested in South Alrica- and Us investment continues to grow in South Africa by 12.8 per cent a year. 500 British companies have investments in the country worth over £2,000 million Since the wages of black workers in South Africa are kept at extremely low levels by the apartheid laws, these imperialist investments yield some of the highest profits in the world.

Collaborate But perhaps the most important consideration for the western powers is Pretoria's role as a bastion of imperialist rule on the African continent. Itself an imperialist power, the South African regime has the economic and military strength to advance its own interests and those of its western allies well beyond its borders - as the South African invasion of Angola last year proved.

Moreover, the imperialist powers are committed to the defence of white rule in South Africa since a transition to neo-colonial methods) as where in the continent) would be virtually impossible in South Africa's case. The rigid apartheid system has JIM though it may now be too late in the day - that the explosive situation in southern Africa can be defused if a

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