A bill requiring United States persons who control enterprises in South Africa to comply with certain fair employment principles, prohibiting any new loans by United States financial or lending institutions to the South African Government or to South African Corporations or other entities owned or controlled by the South African Government, requiring reports with respect to loans to other South African entities, and prohibiting the importation of South African Krugerrands or other South African gold coins.

[AI summary unavailable — showing source text] Requires any United States person who controls an enterprise in South Africa which employs more than 20 people to insure that in operating such enterprise the following employment principles are implemented: (1) no racial segregation in any employment facility; (2) equal employment for all employees; (3) equal pay for equal work; (4) establishment of a minimum wage and salary structure; (5) increase in the representation of nonwhites in managerial, supervisory, administrative, clerical, and technical jobs; (6) improvement of the quality of employees' lives outside the work environment; and (7) labor union recognition and fair labor practices. Directs the Secretary of State to establish an Advisory Council in South Africa to advise the Secretary with respect to the implementation of such employment principles and to review the annual reports which each U.S. person covered by this Act must submit to the Secretary on the progress made in implementing such principles. Directs the Secretary to establish in the United States an American Advisory Council to make policy recommendations regarding labor practices of U.S. persons in South Africa and to review such persons' progress in impleme…