PHI 445 WEEK 2 ASSIGNMENT - Investment in South Africa Paper

Apr 17th, 2015
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Running Header: AN INVESTMENT IN SOUTH AFRICACase Study #4: An Investment in South AfricaPHI 445 /Personal and Organizational EthicsXXXXXX, 2011Case Study #4: An Investment in South AfricaAn Investment in South Africa 1In the 1975, an American oil company jointly owned by Texaco and Standard Oil ofCalifornia (SoCal, now Chevron), named Caltex which, during the peak of the Apartheidpolitical regime, and the Anti-Apartheid efforts that existed there; Caltex wanted to expand andopen another plant in Milnerto, South Africa that would increase total refining capacity by11 percent. [Also], Caltex would be obliged to by...law to bring in at least $100 million of theseinvestment funds from outside the county (Case Study 4, p.8). Apartheid laws established thesupremacy of Whites," and the Black people in South Africa had no political or civil rights andwere dominated and segregated by the White population which was only 20 percent of the totalpopulation (Velasquez, M., 2006, p. 58). The Black people could not even defend themselves ina court of law for offenses that may or may not have happened, as they had no rights in their owncountry.Nonetheless, the utilitarian benefits of maintaining a plant and supplying strategicresources in South Africa could perhaps outweigh the moral injustices of Apartheid becauseU.S. oil companies, led by Mobil and Caltex, provide about 40 percent of the oil supplies toSouth Africa, which has virtually no oil

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