Condemns those transnational corporations that continue to collaborate with South Africa; welcomes the measures taken by some Governments to impose restrictions on investments, bank loans and other economic activities in South Africa as well as the divestment by some transnational corporations of their equity investments in South Africa; calls upon the Governments of home countries of transnational corporations to fully implement the provisions of Economic and Social Council resolution 1988/56, and to consider adopting further measures to prohibit all forms of collaboration by transnational corporations with South Africa; urges all transnational corporations to stop immediately any operations in and all forms of trade and economic links with South Africa; calls upon financial and development institutions to cease any kind of support with this régime; requests the Secretary-General: to continue the work of collecting and disseminating information on the activities of transnational corporations in South Africa; to prepare studies on the level and forms of operations by transnational corporations in South Africa and Namibia including their non-equity business arrangements and their involvement in particular sectors of the South African and Namibian economies; to report annually on the implementation of the resolution.

Adopted 45-2-7, 15th meeting

Adopted at the 15th plenary meeting, 24 May 1989.
In: Resolutions and decisions adopted by the Economic and Social Council at its 1st regular session of 1989, 2-24 May 1989. - E/1989/INF/7. - 14 July 1989. - p. 51-52. - Issued in ESCOR, 1989, Suppl. no. 1.