On this day in 1986, American companies withdrew from doing business in South Africa including sales and manufacturing due to the pressure on the South African government to dismantle its apartheid policies.
In just 1 week 3 major multinationals had announced their withdrawal including IBM, General Motors and Honeywell.
Around this period, more than 50 US companies pulled out of South Africa and their move was praised by anti-apartheid activists in the country.
