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The impact of the proposed nationalisation of South

The ANCYL has defined the nationalisation of mines as "the democratic government's. ownership and control of Mining activities, including exploration, extraction, production, processing, trading and beneficiation of Mineral Resources in South Africa" (The. African National Congress Youth

The case against nationalisation

It is estimated that only R34 billion or 7% of the expenditure went offshore in the form of dividends, a bit of interest and on goods and services not provided for in South Africa: in other words 93% of value of the expenditures of mining companies stay in South Africa to benefit local industries and South

Feasibility of Nationalising the South African Mining

"Nationalisation of mines means the democratic government's ownership and control of Mining activities, including exploration, extraction, production, processing, trading and beneficiation of Mineral Resources in South Africa"(ANCYL, 2010).

Ramaphosa rules out nationalisation of mines

Ramaphosa rules out nationalisation of mines. President Cyril Ramaphosa said a new Mining Charter would be drafted within the next three months. South Africa's new president Cyril Ramaphosa delivers a speech after being elected by the Members of Parliament in Cape Town, on 15 February 2018.

advantages and disadvantages of

Disguising itself behind the 'nationalisation of mines' call and funding itself .. The nationalisation of mines debate in South Africa is, as predicted, reaching new .. There is no conceivable advantage – and an almost endless .. (and therefore a partial withdrawal from the privatisation specified in

To Nationalize or Not? The Pros and Cons of South Africa

Nov 19, 2009Recent calls by the African National Congress (ANC) Youth League to nationalize South Africa's mining industry have resurrected a seemingly never-ending debate: to nationalize or not. What implications would nationalization have on the global mining economy as a whole? Pros: Nationalization doesn't have to cut out the private sector completely.

Nationalisation: The Boogeyman of Economic Transformation

Nationalisation in South Africa is bastardised by people who view it through an ideological prism as a sort of "Swart Gevaar" rather than focus on its efficaciousness in promoting and facilitating economic growth that is inclusive of all hard working South Africans, adequate employment and competition.

Why we need to nationalise the mines

Jul 06, 2009So the threats of disinvestment are really hollow. As we said before, nationalisation of mines will not please everyone, and the ANC government should appreciate that in a class divided society like South Africa, some decisions will not go well with certain sections of society.

Nationalisation in South Africa

THE nationalisation of mines in South Africa is a costly, high-risk proposition that should be adopted only as a last resort, an independent panel of experts is reported to have concluded after a year-long study of the policy in 14 countries. That verdict has not, however, ended a long-running and divisive debate.

nationalisation of mines in south africa pdf

Nationalisation Of The Mines In South Africa Economics Essay. South Africa is currently engaged in a heated debate on whether to nationalize the country's mines, the outcome of which will greatly affect the future of the economy as well as the well being of .

Zambia's legacy of nationalisation

Mutale Chanda, dean of the University of Zambia's School of Mines, grew up in Copperbelt Province, the historical seat of the country's mining sector. "The major perception which has been running in the country since privatisation is that the mines are not putting back, for the benefit of the society, enough of the profits they're

South Africa 'will not nationalise mines'

South Africa will not nationalise its mines, Mineral Resources Minister Susan Shabangu said at the Investing in African Mining Indaba in Cape Town on Tuesday, welcoming the report of an African National Congress (ANC) task team that reaffirmed that nationalisation was "not a viable policy" for the country.

South Africa, nationalisation and Zambia

Aug 20, 2011These have become the rallying cry for a belated anti-nationalisation fightback by South Africa's mining houses and big business. Constantly quoted is the declaration of Zambian mines minister Maxwell Mwale that his country's experience with nationalisation

Nationalizing South African mines: an enonomic assessment

Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of

Nationalisation of Mines in South Africa Essay

International Experience of Nationalisation With many foreign countries that have implemented nationalisation, South Africa has many case examples of where nationalisation worked and where it failed Venezuela On the 1st of January 1976, Venezuela had nationalised it's petroleum industry (Chang,

Nationalisation of Mines in South Africa

Feb 16, 2012In nationalising the mining sector in South Africa, the State government believes it would have the capabilities of attracting labour-intensive mining industrialists who will process mineral resources and diversify the South African economy. Advantages of Nationalisation Currently in the post-Apartheid era, South Africa hasn't achieved

Mine nationalisation without compensation: Gravity of

As far back as 2009, the youth league insisted that mine nationalisation was needed to give black South Africans 'economic freedom' from white domination. To this end, it called for the establishment of a state mining company which would own at least 60% of all new mining investments and would incrementally expand its ownership of existing mines.

South Africa: Why nationalising the mines is not the

South Africa: Why nationalising the mines is not the answer M inus the big hair, crown, and french accent, Julius Malema may well be South Africa's own Marie Antoinette. This is especially true in light of his most recent talk-left walk-right statements concerning nationalisation of mines, a reality he apparently gleamed from President Zuma's state of the nation speech.

South Africa: Will The Mining Sector Be Nationalized?

Still, given the rather unstable nature of South African politics, the nationalization of mines is not entirely out of the realm of possibility. International Business Times spoke to an expert on South Africa's economy to discuss the topic.

NATIONALISATION IN The Reasons to Nationalise SOUTH

strategic industries are where nationalisation is focussed and downstream and side-stream development focussed. The Beneficiation Strategy of South Africa was not informed by this form of classification of sectors but merely by availability of minerals in South Africa. Oligopolistic industries are good targets for nationalisation.

How Far Can Populism Go in South Africa?

May 07, 2019Julius Malema, the enfant terrible of South African politics, vows that his enemies have nowhere to hide. Racist white farmers, corrupt politicians, the rich and the powerful—all are targets in his new television commercial as he leads his radical far-left Economic Freedom Fighters (EFF) into South Africa's May 8th general elections.

Nationalization and Mining: Lessons from

Nationalization and Mining: Lessons from Zambia by D. Limpitlaw* produced more than double South Africa's number of mining engineering graduates. These Spanish-speaking engineers are also less mobile than South African graduates in the English language dominated world of mining.

To Nationalize or Not? The Pros and Cons of South Africa

Nov 19, 2009Nationalizing the mines could significantly decrease foreign investment in South Africa's mining industry, as investors would see their investments at risk with government ownership of the industry. These investments allow the mining industry to provide jobs and growth in the industry and wealth to South Africa, which is necessary to foster the expansion of its other industries.

No nationalisation of South Africa mines

No nationalisation of South Africa mines. The deputy president of South Africa Kgalema Motlanthe has told the BBC that the country will not be adopting a policy of nationalisation of mines. In an exclusive interview with the BBC's Milton Nkosi, Mr Motlanthe said nationalisation was not the policy of the ANC, and would not happen now or in the future.

Lex: Nationalisation of South African mines

Jun 30, 2011"Calls for the nationalisation of South Africa's mines by Julius Malema, recently re-elected leader of the ruling African National Congress's Youth League, are raising concerns in the industry. Lex's Edward Hadas and Richard Stovin-Bradford discuss the threat, and whether mine nationalisation is

nationalisation of mines in south africa

Nationalisation of Mines in South Africa Essay - 3134 Words,INTRODUCTION: South Africa has so many amazing mineral natural resources as well a profitable well-developed mining sector The nationalisation of the mining sector is an argumentative topic in our country at the moment

Debate on Nationalising the Mines in South Africa

Mining in South Africa will only benefit the majority of South Africans if it is placed under the control of the working class, along with banking and the commanding heights of the economy, as nationalized concerns planned in the interest of the masses.

Political minefield

TO THE horror of liberals within South Africa's ruling African National Congress (ANC), the nationalisation of the country's mines is officially back on the party's agenda. Pressed by worried investors on his attitude to such a move, President Jacob Zuma has always simply insisted that nationalisation was "not government policy".

Feasibility of Nationalising the South African Mining

The nationalisation of mines has also been seen as a ploy to try and save Black Economic Empowerment (which has been in place in South Africa for a while, but has not achieved what it hoped to) and not focusing on the amount of poor in the country as well as the amount of

advantages and disadvantages of nationalising mines in

Nationalisation of Mines, Sample of Reports - educheer. Thus will it be concluded what the ruling party is to gain with the nationalising of min 3 Advantages of nationalising min A study done in 2009 showed that mine workers in South Africa earn around R1 500 per month for surface workers and R3 000 for underground workers

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