USF to Sell Stocks in Firms That Do Business in S. Africa

SAN FRANCISCO — The University of San Francisco will soon divest itself of about $2.4 million in stocks in companies doing business in South Africa to demonstrate the Catholic school’s opposition to apartheid, officials said.

The school currently holds shares in 22 companies with South Africa connections, a school official said this week. The divestment decision by the USF board of trustees will be implemented on “a timetable consistent with the board’s fiduciary responsibilities,” the spokesman said.