ANCYL lashes chamber over nationalisation

2010-11-03 10:47

The ANC Youth League today dismissed comments by the Chamber of Mines that nationalising the country’s mines would not work.

“The [ANCYL] is disgusted by misleading and pathetic lies spread by the Chamber of Mines that nationalisation has never succeeded anywhere in the world,” said spokesman Floyd Shivambu in a statement.

It had supported apartheid legislation and measures treating blacks as sub-human, the league charged.

“They therefore hold no moral standing to say anything constructive in the rebuilding of South Africa in the post-democratic dispensation.”

Shivambu was reacting to chamber president Sipho Nkosi saying yesterday that nationalisation was not a workable solution to the country’s financial problems.

Nkosi said “simple, indisputable facts” were available to show nationalisation had never been successful where it had been implemented.

“An antiquated and discredited practice, nationalisation has impoverished many countries – several of them in Africa,” he said at the chamber’s annual general meeting.

Shivambu called the chamber an “organisation of mine bosses”.

He dismissed Nkosi’s comments as “pathetic lies” and sought to “liberate” him from his “ignorance” by providing examples of countries where the league claimed nationalisation had worked.

Shivambu cited Venezuela’s state-owned oil company Petroleum de Venezuela. He said the company contributed US$61.4 billion to social development funds in that country in 2010.

Other examples included Chile, Norway, Botswana and Namibia.

“Empty statements and false alarms will never divert sober and reasoned discussion on nationalisation of mines,” Shivambu said.

The ANC’s recent national general council resolved that its leadership would investigate the viability of nationalising the country’s mines, after repeated calls to do so from its youth league.

Ahead of the national general council both President Jacob Zuma and Mining Minister Susan Shabangu said nationalisation was not the ANC-led government’s policy.

The matter would again be discussed by the ruling party at its next policy conference. A decision on whether or not it should be made policy would be taken at its 2012 elective conference.

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