Notes to Editors:

Notes to Editors:

1. The Cape settlement agreed in 2001 was intended to be paid through a trust fund where £11 million would have been allocated within the first 6 months and a further £10 million over the next ten years. The amount that was envisaged would be paid to the existing 7,500 claimants, was approximately £9 million.

2. According to Cape, the settlement made in December 2001 was not met because of delays in financial restructuring necessary to raise the funds and a refusal of its banks, namely Barclays and Royal Bank of Scotland, to extend their credit to the company.

3. Action for Southern Africa (ACTSA) campaigns for peace, democracy and development in Southern Africa and is the successor to the Anti-Apartheid Movement. Thousands of ACTSA supporters and a number of trade unions have lobbied Cape, its shareholders and its banks to urge Cape to settle.

Aditi Sharma
Head of Campaigns & Communications
Action for Southern Africa

28 Penton Street
London N1 9SA
tel: +44 20 7833 3133
fax: +44 20 7 837 3001
email: aditi.sharma@actsa.org
www.actsa.org

Any views presented are solely those of the author and do not necessarily represent those of ACTSA unless otherwise stated.