Adri Nieuwhof, The Electronic Intifada, 9 December 2009
"Last month, the second-largest Dutch pension fund PFZW joined an already impressive group of investors that have divested from Africa-Israel. Africa-Israel is the target of an international boycott campaign by Palestine solidarity activists because of its involvement in the construction of illegal Israeli settlements in the occupied West Bank.....
In spite of the divestment trend there are still some surprising funds invested in Africa-Israel. For example, the Norwegian State Pension Fund-Global which divested from Elbit, one of the largest Israeli security and defense firms, is reluctant to divest from Africa-Israel. Although the pension was hailed for its divestment from Elbit, it continues to invest in a company that facilitates settlement construction in open violation of international law. Perhaps morality is not the issue and the pension fund like other investors will only begin to question its relationship with Africa-Israel when investments in the company are no longer profitable. Based on the company's performance over the past year, Africa-Israel's day of reckoning is coming faster than anyone, especially Lev Leviev, expected."
"Last month, the second-largest Dutch pension fund PFZW joined an already impressive group of investors that have divested from Africa-Israel. Africa-Israel is the target of an international boycott campaign by Palestine solidarity activists because of its involvement in the construction of illegal Israeli settlements in the occupied West Bank.....
In spite of the divestment trend there are still some surprising funds invested in Africa-Israel. For example, the Norwegian State Pension Fund-Global which divested from Elbit, one of the largest Israeli security and defense firms, is reluctant to divest from Africa-Israel. Although the pension was hailed for its divestment from Elbit, it continues to invest in a company that facilitates settlement construction in open violation of international law. Perhaps morality is not the issue and the pension fund like other investors will only begin to question its relationship with Africa-Israel when investments in the company are no longer profitable. Based on the company's performance over the past year, Africa-Israel's day of reckoning is coming faster than anyone, especially Lev Leviev, expected."
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