A South African Investment Essay Example | Topics and Well Written Essays - 1250 words

A South African Investment - Essay Example While comprehensive civil rights as well as freedom are critically imperative to all people in order that they can realize their absolute potential and assert their appropriate place in humanity, there are other, supplementary fundamental needs that ought to be satisfied prior to a person worries about spiritual, intellectual and related individual freedoms and rights. It may not be reasonable to offer an individual full government, social, as well as legal rights if they are deprived any reasonable sources of livelihood (Mbendi, 2008). Caltex had the power to influence political policies on the South African government in order that the government may revive its laws. This has happened in other parts of the world, whereby conglomerates influence government policies in order to create a conducive environment for business. Foreign financial investments mean a great deal in any country since it revitalizes the social-economic status of the population and the national economy as well (T obin, 2009). It is an ignominy that Caltex had no problem investing in a country whose laws were exceedingly abhorrent to humanity. In contrast it is factual that in that era, the living standards of the South African minorities as well as the Blacks were in a deplorable state. They vast majority of these populations lived in pitiable homes, and had poor access to high quality educational programs. They were also deprived the right to practice certain jobs or careers, and granted wages that were exceedingly less than that of the white population in South Africa (Nicholas, 2008). For numerous South African Blacks at the time, for whom so several outside the nation had the courage to confront the repressive regime may have chosen to take up jobs at the Caltex plant which granted them better living wages and better workplace environment than in the civil service. It is justifiable to imply that absolute freedom may not have been the priority for all Black South Africans who needed bett er living standards. Therefore, the Caltex plant may have been the category of investments that were essentially required in the country at the time. The only provision Caltex ought to have added would have been the maintenance of reasonable wages and reasonable housing for its black and colored human resources (Mbendi, 2008). Question 2. As a stockholder in Standard Oil or Texaco, it would have been appropriate to vote in agreement with the three stockholder declarations. While it is factual that under the utilitarian philosophies, it might not of necessity have been the most appropriate option for Caltex, Standard Oil or Texaco to desist from investing in South Africa. As a stockholder, it would have been appropriate to vote according to individual conscience. Any financial recompense, such as facilitating the generation of national income from the mining of natural resources or construction of national industries such as in petroleum, appears as unconscionable in regard to the fu ndamental premise on which the South African government operated and survived (Nicholas, 2008). The first resolution demanded that Caltex terminates all its operations in South Africa unless and until the government ceased