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July 30, 2014 / 3 Av, 5774
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New Zealand Gov’t Fund Divests From Israeli Firms Over Settlement Construction

By: JTA

A New Zealand government fund divested from three Israeli companies because of their involvement in the construction of Judea and Samaria settlements.

Elbit, Lev Leviev’s Africa Israel and its construction subsidiary Danya Cebus, and Shikun & Binui were excluded from the $23.5 billion New Zealand Superannuation Fund, the New Zealand Herald reported last week.

The $20 billion fund’s investments in the firms amounted to a total of less than $83,000. All three companies are engaged in the construction of settlements or construction of the West Bank security fence.

In a statement, Anne-Maree O’Connor, the fund’s manager for responsible investment, said, “Findings by the United Nations that the separation barrier and settlement activities were illegal under international law were central to the fund’s decision to exclude the companies. The fund also factored in votes by New Zealand for U.N. Security Council resolutions demanding the cessation and dismantling of the separation barrier, and the cessation of Israeli settlement activities in the Occupied Palestinian Territories.”

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2 Responses to “New Zealand Gov’t Fund Divests From Israeli Firms Over Settlement Construction”

  1. I am ashamed that the Government here (NZ)-has adopted this movement of divestment! I did not think they would be so foolish as to follow the spirit of the World!
    'KG'77

  2. Wonder if they're tempted to divest from Sudan (government sponsored genocide) Syria (government has killed 40,000 of its citizens in past 12 months; half a dozen Islamist countries which do not give women basic rights, condone killing women for trivial reasons, kill gay people; etc. etc. So many human rights violations in the Middle East, and one , only one democratic country trying to survive surrounded by mad islamist dedicated not to life, but to hate and death. Get real, NZ.

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