Downloadable! Nationalisation is high on the policy agenda in South Africa. This paper considers the case for nationalising the local mining sector from an evidence-based perspective. The relevant evidence is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalisation emerges, which can be ...
Nov 19, 2009· 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 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.
the South African mining houses, was active in mines in South-West Africa, Southern and Northern Rhodesia, and Tanganyika. Crucially, however, the diamonds of Botswana and Rhodesia then lay undiscovered. Had Rhodes known about them it is likely that today's South Africa would cover the entire area south of the Zambezi, including those two
Aug 02, 2011· South Africa mine nationalization 'closest since end of apartheid'. Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa…
Feb 06, 2010· A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated on fulfilling the vision of the Freedom Charter, which was adopted at Kliptown in 1955 as the 'manifesto' of the liberation struggle.
Jun 30, 2012· JOHANNESBURG, South Africa — South Africa's mining industry is in trouble: platinum mines are closing, gold miners are looking elsewhere and overall output is shrinking.
Feb 10, 2012· President Jacob Zuma squashed more than two years of talk on Friday about the nationalization of South Africa's massive mining sector, saying state control or ownership of the mines …
Oct 07, 2010· With BEE already demanding the 26% of South African mining be handed [almost free] to black 'investors', there is a distinct possibility that nationalization could happen! The conclusion of the discussion may well be two years away still, but the fact that it is on the Agenda of the ANC then will delay or deter foreign investment on a broad ...
Mar 01, 2011· Last year, South Africa's ANCYL leader, Julius Malema started making a lot of noise about nationalization, and specifically, the nationalization of the mines, a major source of revenue for the country, and the possible establishment of a state mining company.
7. Control of African mineral fields. Contrary to what happened in South America, for example, the nationalization of mines in most African countries has been limited in scope and formal in content. Many fields are still the exclusive property of the Western mining or steel enterprises which have been present for decades.
Feb 06, 2012· 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. A …
Nationalization and Mining: Lessons from Zambia. budget deficit increased to US$150 million. Foreign debt of . $2.6 billion had to be restructured. By 1986 a noticeable ... South Africa, 2001. 127 pp.
by police at the Marikana area and increasingly vocal calls for the nationalization of mines as a cure for the nation's hardships of poverty, inequality and unemployment. A major crisis in the mining industry will pose a great risk to South Africa economy's growth path and may lead to a …
Mar 08, 2012· The nationalization of mines in South Africa is an ongoing debate. While the ANC has reiterated that nationalization is "not government policy," critics, such as the Congress of South African ...
Aug 03, 2011· Could the extensive, multi-national South African mining industry face nationalization? Apparently, yes, if Julius Malema of the African National Congress (ANC) youth league had his way.
In South Africa, should an environment with minimal costs and near to zero infrastructural constraints, South African mines could create an additional 200 000 jobs from now and 2020 (Matthews., 2010). South Africa's state owned enterprises like the SABC, SAA, ESKOM, and Denel have often been doubted in their performances.
Jan 01, 2015· 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 millions of individuals. Nationalization is "the act of taking assets into state ownership.
Feb 04, 2010· Nationalization of the mines and banks was a central plank of ANC policy until the early 1990s, but it disappeared from the party's lexicon under …
Sep 28, 2017· The impact of the proposed nationalisation of South African mines on employment in the platinum sector ii Abstract Many forums have been recently organised in South Africa to discuss the level of State intervention in the minerals sector, the expropriation of private mining companies, and the transfer of mineral wealth to the people.
South African Mine CEOs Warned by Eunomix That Nationalization … Jul 31, 2011 · South Africa's ruling party may institute some form of mine nationalization, a step that could throttle investments in the world's biggest …
Mar 14, 2018· 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. ... "The South African mining …
Jan 25, 2014· The South African Freedom Charter of June 26, 1955 & Mines Nationalization. A Post Analysis. Background: On June 1955, Congress of the People in Kliptown adopted The Freedom Charter. The ANC adopted at its annual conference that an all-in representative gathering of the people from all sections of the population must formulate a Charter to…
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.
Nationalise mines south africa disadvantages.Disadvantages of nationalisation of mines in south africa advantages and disadvantages of nationalization mining sector, south africa will not nationalise its mines, says minister susan,anglo is the largest private. Get Price
6. Finally, the shareholders of South African mines include large public and private sector pension funds. Any nationalization without compensation would pass the cost of nationalization on to current and future pensioners in all sectors of the economy. Nationalization of South African mines …
Oct 07, 2010· The nationalization of South Africa mining would scare off investors at a time when foreign investment is needed most to help create jobs, say industry experts.
Mar 12, 2012· IB TIMES: Are South African mines still owned primarily by white owners and white companies? If so, is the call for nationalization a measure to increase black ownership of the mining …
Disadvantages Of Nationalization Of Mines In South Africa Disadvantages of nationalisation of mines dec 3, 2011 the nationalisation of mines in south africa is a costly, highrisk proposition that should be adopted only as a last resort, an independent panel of experts is reported to have concluded after a yearlong study of .