South Africa is a developing country and does not yet possess the funds needed to purchase, expropriate or maintain its towering trillion dollar mining industry [19] [20]. As such, the only choice, if nationalisation is to be implemented is the first option above: to demand a higher share on the industry's revenue or tax percentages.
The South African government reports that 14,000 individuals have been linked to organized crime syndicates involving illegal mining. This industry is estimated to be valued at $570 million yearly. This industry is linked to South Africa's history and economics; there first company was established in 1846.
Expropriation of South Africa's land without compensation for equal redistribution in use. Nationalisation of mines, banks, and other strategic sectors of the economy, without compensation. Building state and government capacity, which will lead to The abolishment of tenders. Free quality education, healthcare, houses, and sanitation.
2 July 2012. President Zuma says nationalisation of South Africa's mines has not been introduced as a policy. By Milton Nkosi. BBC News, Johannesburg. President Jacob Zuma has for the first time ...
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday. The party ...
Semi-structured interviews were conducted with 13 senior managers and executives from the platinum mining industry.The results have shown that nationalisation of platinum mines, where the government has total ownership or majority control of the company, will not create sustainable employment in South Africa. In addition, …
The debate over nationalisation of South Africa's mines has taken on new impetus over the past 10 days in the wake of the re-election of Julius Malema, the influential leader of the ruling ...
If the mines were turned over to the government, more job creation could take place and skills development would be initiated. South Africa's economy could become wealthier as precious resources would remain within the country's borders. Disadvantages of nationalisation However, nationalisation does come at various costs.
Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven't been very successful, this would place more doubt in the mind of the foreign invertor. The mining sector, after nationalisation, could take a very long time to boast a profit.
Freedom Front Plus (FF+) North West leader Michael Groenewald says the nationalisation of mines in South Africa will not work at all due to rampant corruption. Groenewald was a panellist during an elections debate on the SABC's Elections 360 programme held at Brits in North West last night.
South Africa is highly dependent on minerals; since the 19th century its economy has been based on their export. Nationalization could greatly affect this. The mining industry acts as stimulus for the development of other branches of economy. PGMs—leading South Africa export earner: 35% of exports.
Recent calls by the African National Congress (ANC) Youth League to nationalize South Africa's mining industry have resurrected a seemingly never-ending debate: to …
The mining sector in South Africa contributes 9.6% to GDP and employs 3.1% of the country's labour force. In 2010 the sector contributed 15.3% of country's exports.
Nationalisation of Mines in South Africa. October 11, 2010 By Wonkie 234 Comments. While additional arrests of rhino poachers have been made in South Africa since the post last week, our poor cartoon rhino is still struggling to lobby Julius Malema for his support. For those of you that didn't know, rhinos are modestly intelligent …
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 …
provoke the South African mining industry to tackle the real issue of the lack of equitable wealth redistribution in the resource sector head on. The introduction of the idea of the nationalisation of mines in South Africa is an idea, which aims to deal with equitable wealth redistribution through the revenue rents derived from the nationalised
This article examines resource nationalism in sub-Saharan Africa's energy and minerals markets. It does so by exploring economic and political developments in three cases: Nigeria as an example of a petro-state established by means of expropriation in the wake of decolonisation; South Africa, a mature mining industry shaped by its settler colonial …
The trajectory of Mines nationalization debate is currently high on the socio-economic and political discourse in South Africa. This paper within the context of qualitative analytical methodology explores the dynamics of …
A Crtitical Analysis of the Proposed Nationalisation of Mines in South Africa in Light of South Africa's International Law Obligations
Racial oppression in South Africa is a direct consequence of colonialists' control of South Africa's mineral resources, and we have a responsibility to reverse such phenomenon. During the 2009 State of the Nation address, President Jacob Zuma said: "The creation of decent work will be at the centre of our economic policies and will influence ...
Talking about the nationalisation debate in relation to the mining industry in South Africa, BEE expert, Duma Gqubule, explains that the value of untapped mineral resources in South Africa is US$4.7 trillion. Put differently, the value of these mineral resources is worth one million Rand per South African citizen. The mistake our country …
Unemployment in South Africa. According to calculations from Statistics South Africa (2012), during the period of 2008-2011, the unemployment rate of South Africa averaged 24.1 per cent with a minimum of 21.8 per cent in the fourth quarter of 2008 and a maximum of 25.7 per cent in second quarter of 2011.
Rationale for nationalization. Nationalization in Southern Africa was justified on the following, familiar, eco nomic, ideological and political grounds. Political independence also entailed economic independence for the newly sovereign nation. This, it was postulated, could only be achieved if the state acquired ownership and control of at ...
This paper traces the historical background of nationalisation in South Africa and examines the views of the ANC Youth League in the light of the current debate on nationalization in South Africa.
Within a context of political posturing and intimidation it can become difficult for fruitful discussion to emerge and real debate can be stifled. The nationalisation of mines in South Africa is a discussion that has been debated in such an environment. The aim of this dissertation is to cut through the political posturing and get to the fundamental question …
nationalisation of mines and probable policy implications for South Africa. The study is aimed at establishing whether the nationalisation of mines is worth pursuing or not, …
chuka ugwu. 2012. The trajectory of Mines nationalization debate is currently high on the socio-economic and political discourse in South Africa. This paper within the context of …
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 the South …
The concept of Nationalisation. Coetzee (2010:5) describes nationalisation as the act of taking an industry or assets into the public ownership of a national government or state. It refers to the transfer of ownership from the private to the public. Nationalisation is not a state owned enterprise or a public entity.
Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining …
Opinion site The Daily Maverick reports South Africa already has one nationalised mine – diamond company Alexkor – and few will be surprised by the fact that it is losing money hand over fist ...
