Tag Archives: SA apartheid litigation

The Two Faces of General Motors: Forever Bankrupt or Thriving?

30 Jun

Today, news organisations around the world have picked up General Motors’ big announcement that it is set to overcome its bankruptcy and public bailout, and to thrive as a company moving forward. As Reuters reports:

“Chief Financial Officer Chris Liddell said…’When you add break even at the bottom and a huge global opportunity for growth, you have this massive economic opportunity that we believe is incredibly exciting.’ ”

This confident proclamation by the CEO and CFO of General Motors comes as a huge surprise to Khulumani and the survivors of the abuses GM knowingly aided and abetted the South African security forces in committing. Khulumani’s lawyers are due to appear in court on July 14 to oppose General Motors attempt to be struck off the list of defendants in the South African apartheid litigation because of its bankrupt financial position. So on the one hand GM stands before the world declaring that it has the potential to thrive financially; on the other it intends standing before the courts declaring it is too poor to be held accountable for knowingly aiding and abetting the security forces of the illegitimate apartheid regime.

We demand that if GM is able to pay out profits and dividends to investors and shareholders, (and possibly also a bonus to its CEO?) as it has boldly proclaimed it is set to do, it can also use its ‘massive economic opportunity’ to pay reparations to the very people whose lives it knowingly helped destroy when it did business with the apartheid security forces. We cannot be silent, but must speak out (khulumani) when this corporation makes two-faced proclamations designed to avoid all accountability.