1970s

The British based merchant bank Hill Samuel played a major role in mobilising loans from Western banks to the South African government and its parastatal corporations. This briefing from End Loans to Southern Africa (ELTSA) showed how in the 1970s Eurocurrency loans arranged by Hill Samuel made up a growing proportion of total overseas investment in South Africa. It listed the parastatal corporations for which Hill Samuel arranged loans between 1972 and 1978. ELTSA was set up in the early 1970s to campaign against Western banks involvement in Southern Africa.

Mike Terry was the Executive Secretary of the Anti-Apartheid Movement from 1975 until it was dissolved after the inauguration of Nelson Mandela as President of South Africa in 1994.

This is a complete transcript of an interview carried out in 2000 by Håkan Thörn.