During the divestment from South Africa movement in the late 1980s, student activists erected a symbolic "shantytown" on Harvard Yard and blockaded a speech given by South African Vice Consul Duke Kent-Brown. The Harvard Management Company repeatedly refused to divest, stating that "operating expenses must not be subject to financially unrealistic strictures or carping by the unsophisticated or by special interest groups." However, the university did eventually reduce its South African holdings by $230 million (out of $400 million) in response to the pressure.