News24

Shabangu: Drop call for nationalisation

2012-10-14 13:23

Johannesburg - Mineral Resources Minister Susan Shabangu has warned that the call to nationalise mining companies should be dropped, City Press reported on Sunday.

The ANC's Mangaung conference in December is expected to deal with the issue of nationalising strategic assets, such as mines.

"The biggest issue when it comes to policy issues is whether Mangaung will nationalise (mines). We've dealt with that issue, but (investors) continue to raise it," Shabangu was quoted as saying.

"We are confident that when we come out of Mangaung we will be able to put this matter aside and it will bring and instil much more investor confidence."

Shabangu was concerned that protracted strikes in the mining sector had dented investor confidence.

"It has been a cause for concern because it's not a once-off; it is sort of spiralling in the mining industry," she reportedly said.

Shabangu's comments followed an emergency meeting on the economy called by President Jacob Zuma on Friday night and involving government, business and labour.

He called on business and labour to work together to find solutions and was concerned by violence associated with strikes.

"We are confident that working together we will be able to find solutions, informed by the Constitution and the values of our democracy. We have a long history of productive social partnerships in our country," he said.

Comments
  • yrhonour.honour - 2012-10-14 13:32

    yip - a voice in the wilderness unfortunately

      yrhonour.honour - 2012-10-14 13:44

      @semenantennae - please explain the benefits of nationalisation?

      yrhonour.honour - 2012-10-14 13:44

      @semenantennae - please explain the benefits of nationalisation?

      philip.harris.967 - 2012-10-14 14:09

      Will there be anything left to Nationalise?

      philip.harris.967 - 2012-10-14 14:09

      Will there be anything left to Nationalise?

      sani.ghana.3 - 2012-10-14 14:33

      If they nationalize the mines it will not be enough to give every one jobs, south africa needs 12 milion job. Government cannot run mines cause it cannot run its own department.

      sani.ghana.3 - 2012-10-14 14:33

      If they nationalize the mines it will not be enough to give every one jobs, south africa needs 12 milion job. Government cannot run mines cause it cannot run its own department.

      tim.gordon.5011516 - 2012-10-14 14:35

      Semonatenate has let the cat out the bag - the ANC does not intend nationalising a thing - it is purely blackmail (no pun intended).

      tim.gordon.5011516 - 2012-10-14 14:35

      Semonatenate has let the cat out the bag - the ANC does not intend nationalising a thing - it is purely blackmail (no pun intended).

      claudia.meads - 2012-10-14 14:47

      semonatenate, But South African miners are the best paid in the world already - what more do they want..? What "fat cats wealth" are you talking about..? Perhaps you should rather go to Zimbabwe - the BEST (not the average - the best..!) paid miners earn R1750/month and they tried to do exactly what you are proposing. So did every other failed state in Africa (today their people have to live on food hand-outs from West) - SO WHAT IS YOUR POINT..? (kindly attempt to answer me and simply revert ti vile red-herrings). Or is the "nationalization" notion just a desperate attempt to scare white people (like a child that tries to terrorize an adult), or is it a desperate attempt by Mad Bob-oon Mugabe and his Zanu-PF to create a larger Zimbabwe that would make them survive just a little longer, or a desperate attempt by the tenderpreneurs to access another source of corrupt tenders, or some desperate BEE-gang who cannot manage their mines and are now hoping for an easy cash-cow, or some renegade Nigerian gang (ie the Democratic Socialist Movement has links directly to Nigeria), or all of the above..? The fact of the matter is: the wage issue is simply a red-herring. Do not insult the intelligence of others and/or overestimate your own - just tell the world what you are really trying to achieve.

      claudia.meads - 2012-10-14 14:47

      semonatenate, But South African miners are the best paid in the world already - what more do they want..? What "fat cats wealth" are you talking about..? Perhaps you should rather go to Zimbabwe - the BEST (not the average - the best..!) paid miners earn R1750/month and they tried to do exactly what you are proposing. So did every other failed state in Africa (today their people have to live on food hand-outs from West) - SO WHAT IS YOUR POINT..? (kindly attempt to answer me and simply revert ti vile red-herrings). Or is the "nationalization" notion just a desperate attempt to scare white people (like a child that tries to terrorize an adult), or is it a desperate attempt by Mad Bob-oon Mugabe and his Zanu-PF to create a larger Zimbabwe that would make them survive just a little longer, or a desperate attempt by the tenderpreneurs to access another source of corrupt tenders, or some desperate BEE-gang who cannot manage their mines and are now hoping for an easy cash-cow, or some renegade Nigerian gang (ie the Democratic Socialist Movement has links directly to Nigeria), or all of the above..? The fact of the matter is: the wage issue is simply a red-herring. Do not insult the intelligence of others and/or overestimate your own - just tell the world what you are really trying to achieve.

      andrez.kolesky - 2012-10-14 15:05

      @semonatenate. Is that the best you can come up with as an explanation. ?? FAIl .... !!!

      andrez.kolesky - 2012-10-14 15:05

      @semonatenate. Is that the best you can come up with as an explanation. ?? FAIl .... !!!

      J.A.Rademan - 2012-10-14 15:10

      @moriri.mosweu. Work for it a##hole, don't demand it.

      J.A.Rademan - 2012-10-14 15:10

      @moriri.mosweu. Work for it a##hole, don't demand it.

      pieter.calitz - 2012-10-14 15:19

      @semonatenate. Good idea. We demand a 100 million billion gazillion zim dollars per month. If the Government does not have the money, they must bring out the begging bowl and get it from the west. Hau, Funny thing though? They went back to earning R1750/month. What is with these Zimbabwe people? Don't they know a good time when they have them? They must be really stupid!

      pieter.calitz - 2012-10-14 15:19

      @semonatenate. Good idea. We demand a 100 million billion gazillion zim dollars per month. If the Government does not have the money, they must bring out the begging bowl and get it from the west. Hau, Funny thing though? They went back to earning R1750/month. What is with these Zimbabwe people? Don't they know a good time when they have them? They must be really stupid!

      dee.bone.39 - 2012-10-14 15:26

      no mine owner is 'scared' of nationalization. They've made enough and will make a profit AND be rid unions and all this shYt. They'll benefit and the only others will be the politicians who will get their cut. What is your agenda when u call for nationalization. Are you greedy or stupid???? Or both?

      dee.bone.39 - 2012-10-14 15:26

      no mine owner is 'scared' of nationalization. They've made enough and will make a profit AND be rid unions and all this shYt. They'll benefit and the only others will be the politicians who will get their cut. What is your agenda when u call for nationalization. Are you greedy or stupid???? Or both?

      pieter.calitz - 2012-10-14 15:29

      @yrhonour.honour hmmm, now let's see...the benefits of nationalization? 1. We get $1 for R100000000000. That's a good thing hey? We then all become instant millionaires in rand 2. We get at least 10 000 cadres living the good life. The voting public unfortunately will have to wait to get their turn at the trough. Remember, cadres first. But the public will probably not have to wait too long. I believe the promise was to just before the next ice age. 3. Malema will be a big hit again

      pieter.calitz - 2012-10-14 15:29

      @yrhonour.honour hmmm, now let's see...the benefits of nationalization? 1. We get $1 for R100000000000. That's a good thing hey? We then all become instant millionaires in rand 2. We get at least 10 000 cadres living the good life. The voting public unfortunately will have to wait to get their turn at the trough. Remember, cadres first. But the public will probably not have to wait too long. I believe the promise was to just before the next ice age. 3. Malema will be a big hit again

      yrhonour.honour - 2012-10-14 15:51

      @semenantennae - I was really hoping you might suprise me with your answer but unfortunately you showed you me shouldn't really have access to public media - never mind

      yrhonour.honour - 2012-10-14 15:51

      @semenantennae - I was really hoping you might suprise me with your answer but unfortunately you showed you me shouldn't really have access to public media - never mind

  • Cameron - 2012-10-14 13:35

    Carefull Susan...you will be called a white puppet by the uneducated masses.

      Cameron - 2012-10-14 14:27

      huh? What you on about....Make some sense..

      Cameron - 2012-10-14 14:27

      huh? What you on about....Make some sense..

      andrez.kolesky - 2012-10-14 20:53

      @sphala. Watkykj was addressing the horse, not the scab on it's @rse.

      andrez.kolesky - 2012-10-14 20:53

      @sphala. Watkykj was addressing the horse, not the scab on it's @rse.

  • dee.bone.39 - 2012-10-14 13:36

    tired of this stupidity. ANC incapable of running anything an yet we have idiots calling for nationalising. Anyone with sense will just look at SABC, SAA, Eskom and all the ministries etc etc etc etc. Phew!!!!! Please stop!!

  • neilpretorius83 - 2012-10-14 13:43

    What's new? The ANC will say wholesale nationalisation isn't policy. Then later Mantashe will say there is a ticking timebomb and it needs to be discussed. Then the 'comrades' will talk about chasing the imperialists away. Then the government will once again shoot down nationalisation. Then the cycle repeats again... and again... and again...

  • irvin.mkhari - 2012-10-14 13:45

    don't be scared susan,you won't lose your position.nationalisation is just a idea.i don't how much they offered you but you won't succeed.

  • michael.bushes.7 - 2012-10-14 13:47

    The calls for nationalisation will continue as long as the black man: i)continues to multiply at economically, socially and environmentally unsustainable rates ii)Thinks that he is owed by whites, even though they never knew what gold and platinum was before the whites arrived, and even though he suffered just as much under his autocratic king iii)Stays stuck in a 1000AD mentality instead of taking that R4500 he earns and studies at UNISA iv)Continues to think that minority groups are just as uneducated as he is and willing to move backwards to uplift him v)continues to vote for the same party vi)continues to be lazy and unproductive *Michael Bushes is a coloured South African, whos sick of blacks running the country into its mo#r. He holds a Masters degree from the University of Life and Common Sense.

      melanie.declercq.16 - 2012-10-14 14:04

      vii) continues to focus on short-term self-enrichment instead of long-term value creation

      melanie.declercq.16 - 2012-10-14 14:04

      vii) continues to focus on short-term self-enrichment instead of long-term value creation

      michael.bushes.7 - 2012-10-14 14:10

      What p-sses me off are all these demands. Free basic water, free basic electricity, solar geysers. As coloured people, we NEVER got these for free. Everydrop that came out of the tap we paid for, and in order to pay for it, we still had to get up and WORK for it, something which doesnt apply today.

      michael.bushes.7 - 2012-10-14 14:10

      What p-sses me off are all these demands. Free basic water, free basic electricity, solar geysers. As coloured people, we NEVER got these for free. Everydrop that came out of the tap we paid for, and in order to pay for it, we still had to get up and WORK for it, something which doesnt apply today.

      luyolo.mhlauli.9 - 2012-10-14 14:11

      The entire african continent is less than 2 billion while some countries ( not continents ) are over a billion people. I just don't understand obsession about black people multiplying at unsustainable rate.

      luyolo.mhlauli.9 - 2012-10-14 14:11

      The entire african continent is less than 2 billion while some countries ( not continents ) are over a billion people. I just don't understand obsession about black people multiplying at unsustainable rate.

      michael.bushes.7 - 2012-10-14 14:18

      @luyolo, So you cant figure it out then? Lemme give you a hint: i) water stressed country, means food production will reach a stage where demand = supply, followed by a demand exceeding supply which means higher food prices, which translates into STARVING people ii) diminishing tax base meaning less money to FEED poor people who are mostly black Get it now? Should I use sign language for you to understand?

      michael.bushes.7 - 2012-10-14 14:18

      @luyolo, So you cant figure it out then? Lemme give you a hint: i) water stressed country, means food production will reach a stage where demand = supply, followed by a demand exceeding supply which means higher food prices, which translates into STARVING people ii) diminishing tax base meaning less money to FEED poor people who are mostly black Get it now? Should I use sign language for you to understand?

      luyolo.mhlauli.9 - 2012-10-14 14:31

      You cannot blame population for problems that can be managed through other means. Problems like weak water management issues , corruption , weak implementation of policies. Lets fix up the govt before we blame the rest of the black population. How do you have food shortages when you have 20 elite people dining on tables that feed hundreds of people.

      luyolo.mhlauli.9 - 2012-10-14 14:31

      You cannot blame population for problems that can be managed through other means. Problems like weak water management issues , corruption , weak implementation of policies. Lets fix up the govt before we blame the rest of the black population. How do you have food shortages when you have 20 elite people dining on tables that feed hundreds of people.

      melanie.declercq.16 - 2012-10-14 14:38

      Luyolo Mhlauli, population growth is calculated based upon % growth (= relative) and not in absolute numbers. Here you can see the population growth rate per country: http://en.wikipedia.org/wiki/List_of_countries_by_population_growth_rate It is estimated that Africa will have three times as many people as Europe by 2050 - in all, 2bn Africans against 800m now. That compares starkly with the situation in 1950, when Europe accounted for almost a quarter of the world's population and Africa only 8%. The only difference is that Europe was and is still rich and Africa is poor. So if live is hard for the average African today, then it will only be harder in future. Or in other words; most likely life for your children and grandchildren will be harder for them than for you. Still want to make 8 children?

      melanie.declercq.16 - 2012-10-14 14:38

      Luyolo Mhlauli, population growth is calculated based upon % growth (= relative) and not in absolute numbers. Here you can see the population growth rate per country: http://en.wikipedia.org/wiki/List_of_countries_by_population_growth_rate It is estimated that Africa will have three times as many people as Europe by 2050 - in all, 2bn Africans against 800m now. That compares starkly with the situation in 1950, when Europe accounted for almost a quarter of the world's population and Africa only 8%. The only difference is that Europe was and is still rich and Africa is poor. So if live is hard for the average African today, then it will only be harder in future. Or in other words; most likely life for your children and grandchildren will be harder for them than for you. Still want to make 8 children?

      luyolo.mhlauli.9 - 2012-10-14 14:45

      Has China suffered economically as a result of population growth? Has Brazil suffered ? All im saying is there are other things we need to look at. Like growth in Govt efficiency. Yes we are growing but Govt efficiency is declining thus making life difficult for us.

      luyolo.mhlauli.9 - 2012-10-14 14:45

      Has China suffered economically as a result of population growth? Has Brazil suffered ? All im saying is there are other things we need to look at. Like growth in Govt efficiency. Yes we are growing but Govt efficiency is declining thus making life difficult for us.

      michael.bushes.7 - 2012-10-14 14:50

      @vinolia, Another black denialist you are. Blacks are their own worst enemies. Anyway, when I see you guys strike and burn tyres for lack of service delivery, I no longer feel sorry for you, I just sit back and enjoy it. What you vote for, is what you get. Lolz

      sani.ghana.3 - 2012-10-14 14:54

      I agree with luyolo.mhlauli but the economy must grow faster than the population, that is how europe america and china have done this, those people they work very hard and dont have the strikes and crime like south africa

      sani.ghana.3 - 2012-10-14 14:54

      I agree with luyolo.mhlauli but the economy must grow faster than the population, that is how europe america and china have done this, those people they work very hard and dont have the strikes and crime like south africa

      luyolo.mhlauli.9 - 2012-10-14 15:06

      It is not about what race that runs the country. Its about the right qualities and the right character to run a country. I don't care whether you are pink,brown or green but can you run the country ? If I am going to have the mentality that only a coloured race can run the country efficiently then that's a problem.

      luyolo.mhlauli.9 - 2012-10-14 15:06

      It is not about what race that runs the country. Its about the right qualities and the right character to run a country. I don't care whether you are pink,brown or green but can you run the country ? If I am going to have the mentality that only a coloured race can run the country efficiently then that's a problem.

      melanie.declercq.16 - 2012-10-14 15:22

      @craig I did not lie. + In 1950 Europe comprised a quarter of the world population and African population was small (reference: http://www.geohive.com/earth/his_history1.aspx). + And in 1950 the West was the richest on Earth (reference: http://qed.princeton.edu/index.php/User:Student/The_Richest_20_Countries_1950,_1970,_1990) Where are your facts?

      melanie.declercq.16 - 2012-10-14 15:22

      @craig I did not lie. + In 1950 Europe comprised a quarter of the world population and African population was small (reference: http://www.geohive.com/earth/his_history1.aspx). + And in 1950 the West was the richest on Earth (reference: http://qed.princeton.edu/index.php/User:Student/The_Richest_20_Countries_1950,_1970,_1990) Where are your facts?

      melanie.declercq.16 - 2012-10-14 15:32

      Luyolo, both Brazil as well as China have a much smaller population growth rate than Africa as well as their poverty rate is much smaller (Sub Saharan Africa: 50%, Brazil: 20%, China: 15%). And both those countries tried and are trying to reduce their population growth rate. Why do you think China implemented one-child policy? Now they have 6 adults (4 grandparents + 2 parents) to take care of a single child. And government efficiency should be independent from population growth. Every government should always try to make as much value as possible to it's people.

      melanie.declercq.16 - 2012-10-14 15:32

      Luyolo, both Brazil as well as China have a much smaller population growth rate than Africa as well as their poverty rate is much smaller (Sub Saharan Africa: 50%, Brazil: 20%, China: 15%). And both those countries tried and are trying to reduce their population growth rate. Why do you think China implemented one-child policy? Now they have 6 adults (4 grandparents + 2 parents) to take care of a single child. And government efficiency should be independent from population growth. Every government should always try to make as much value as possible to it's people.

      luyolo.mhlauli.9 - 2012-10-14 15:40

      Poverty isn't dependent on population. You can have 1 kid and still be poor.

      luyolo.mhlauli.9 - 2012-10-14 15:40

      Poverty isn't dependent on population. You can have 1 kid and still be poor.

      melanie.declercq.16 - 2012-10-14 15:40

      @Vinolia, Michael is refering to the use of metals as part of industrialisation. The Mapungubwe people lived a thousand years ago and used gold and ivory (not platinum or other metals) only for trading.

      melanie.declercq.16 - 2012-10-14 15:40

      @Vinolia, Michael is refering to the use of metals as part of industrialisation. The Mapungubwe people lived a thousand years ago and used gold and ivory (not platinum or other metals) only for trading.

      melanie.declercq.16 - 2012-10-14 15:54

      at Luyolo, everything is possible but if it's probable that's a whole different story You may bet that the life of the average African in 2050 with a 2b population will have a higher quality of life and suffer less from poverty etc than the average African today in 2012 with a 800 m population. But I say the stakes are against you.

      melanie.declercq.16 - 2012-10-14 15:54

      at Luyolo, everything is possible but if it's probable that's a whole different story You may bet that the life of the average African in 2050 with a 2b population will have a higher quality of life and suffer less from poverty etc than the average African today in 2012 with a 800 m population. But I say the stakes are against you.

      melanie.declercq.16 - 2012-10-14 15:57

      @Vinolia "Racist morons like you say things on news24 that they would never say to a black person in person." What you express here by this sentence is in fact "white racism". Since when should a white person be afraid to speak his or her mind to a black person? Racism should not be tolerated. But freedom of speech should be promoted. If i say something that offends a black person, I should fear violence or what?

      melanie.declercq.16 - 2012-10-14 15:57

      @Vinolia "Racist morons like you say things on news24 that they would never say to a black person in person." What you express here by this sentence is in fact "white racism". Since when should a white person be afraid to speak his or her mind to a black person? Racism should not be tolerated. But freedom of speech should be promoted. If i say something that offends a black person, I should fear violence or what?

      michael.bushes.7 - 2012-10-14 16:00

      @Melanie, Thanks for all your responses, but its pointless debating with them. All that I know right now is that I want an independent Cape. I want to be governed by my own people or a mixture of Coloured and Whites. I dont want to be governed by Blacks anymore, I have had enough. Whites should feel to come and join us in the Cape.

      fidel.mgoqi - 2012-10-14 17:34

      Boesman, which coloureds are going to govern the WC? The ones high on tik in the Cape Flats, the ones languishing in prisons? Michael bushes.7 is a right-wing troll adopting a "Coloured" sounding non de plum on a public internet message board, posting sickening anti-African comments, so that the stupidest of the stupid will backlash against coloureds, and have Africans vs coloureds engaged in rabid denounciations against one another. Word of advice, if you are going to generalise, do it to a group that isn't one of the largest out there!

      fidel.mgoqi - 2012-10-14 17:34

      Boesman, which coloureds are going to govern the WC? The ones high on tik in the Cape Flats, the ones languishing in prisons? Michael bushes.7 is a right-wing troll adopting a "Coloured" sounding non de plum on a public internet message board, posting sickening anti-African comments, so that the stupidest of the stupid will backlash against coloureds, and have Africans vs coloureds engaged in rabid denounciations against one another. Word of advice, if you are going to generalise, do it to a group that isn't one of the largest out there!

  • jacob.molife - 2012-10-14 13:54

    The honorable minister's beginning to work.

  • mmaphongwana - 2012-10-14 14:08

    Yaphapha Susan Yaphaphaaaaaa!!!

  • sphala - 2012-10-14 14:10

    Step down madam step down....down with retard leadership down, viva Economic Freedom Fighters viva.

      sheik.mohammad.378 - 2012-10-14 14:38

      Do you have any idea what you writing about?

      sheik.mohammad.378 - 2012-10-14 14:38

      Do you have any idea what you writing about?

      Cameron - 2012-10-14 14:40

      hahahaha ok sparky. Just show you level of intellect to throw personnel insults instead of addressing the issue at hand.

      Cameron - 2012-10-14 14:40

      hahahaha ok sparky. Just show you level of intellect to throw personnel insults instead of addressing the issue at hand.

      sphala - 2012-10-14 17:23

      @mohammad, yes I do....what's confusing you here idiot * Muslim accent *

      sphala - 2012-10-14 17:23

      @mohammad, yes I do....what's confusing you here idiot * Muslim accent *

      sphala - 2012-10-14 17:31

      @watkyk.....hahahahah: no, sparkies, don't take it hard to your heart...you'll die young dude.

      sphala - 2012-10-14 17:31

      @watkyk.....hahahahah: no, sparkies, don't take it hard to your heart...you'll die young dude.

  • irvin.mkhari - 2012-10-14 14:11

    va vasati a va ngevi va rhangeri,a swi hleketi swilo leswi.

      colin.dovey - 2012-10-14 14:30

      Pole na kusema ni kama kwamba ndugu yangu - ni staring sisi WOTE katika uso!

      colin.dovey - 2012-10-14 14:30

      Pole na kusema ni kama kwamba ndugu yangu - ni staring sisi WOTE katika uso!

  • Brian Dorning - 2012-10-14 14:17

    Thuli and this woman are what we need as leaders!

  • hendrikvs - 2012-10-14 14:17

    There is actually one minister with common sense? A little progress at last?

  • Chikane - 2012-10-14 14:20

    When was dis call considered for debate? I thought it was fired with the rightful owner when he was booted out of ANC.

  • Sakhiwo - 2012-10-14 14:28

    OK loud

  • ernest.lwandle - 2012-10-14 14:42

    i will never generelize south africans

  • vinolia.h.mokoena.1 - 2012-10-14 14:48

    I wouldn't like to see the state running the mines, but I think it would be good if the government(the people) owned maybe 60% in every mine.

      melanie.declercq.16 - 2012-10-14 17:26

      Talking about the NUM and conflict of interest and shareholdership. It became clear that one of the underlying motives behind these strikes are the problems with micro-lending in the area. One of the biggest player here is Ubank which has 500.000 customers of which 60% are working in the mining industry. Now guess who is one of the two largest shareholders of Ubank? The NUM!

      melanie.declercq.16 - 2012-10-14 17:26

      Talking about the NUM and conflict of interest and shareholdership. It became clear that one of the underlying motives behind these strikes are the problems with micro-lending in the area. One of the biggest player here is Ubank which has 500.000 customers of which 60% are working in the mining industry. Now guess who is one of the two largest shareholders of Ubank? The NUM!

  • Rubza KaNnete - 2012-10-14 14:48

    it white capitalists and stop corrupting leaders with share and money and leaders can put their self interests aside then SA have a better future and a peaceful nation.

      jason.croxford.56 - 2012-10-14 15:12

      Rubza, where have you been man? This is the way of the world, the way things are done.

      jason.croxford.56 - 2012-10-14 15:12

      Rubza, where have you been man? This is the way of the world, the way things are done.

      Gatvol Griet - 2012-10-14 18:28

      You don't even almost have a clue what you want to say, do you?

      Gatvol Griet - 2012-10-14 18:28

      You don't even almost have a clue what you want to say, do you?

  • bongani.nsele.58 - 2012-10-14 15:05

    what is the difference of going cap in hand for western handouts or begging western investors to come and exploit you....susan you will never get any joy from these people no matter what....please stop begging these hyenas....they can go and invest in greece, they are needed there more

      simon.whittaker.923 - 2012-10-14 17:05

      There speaks a true African. Why ask for investment capital to help us work for our money when we can simply ask for the same amount as a handout and just sit on our lazy butts and do nothing? You have just summed up the reason for the state of 90% of sub-Saharan Africa in three simple sentences! Thank you for providing such succinct clarity!

      simon.whittaker.923 - 2012-10-14 17:05

      There speaks a true African. Why ask for investment capital to help us work for our money when we can simply ask for the same amount as a handout and just sit on our lazy butts and do nothing? You have just summed up the reason for the state of 90% of sub-Saharan Africa in three simple sentences! Thank you for providing such succinct clarity!

  • jason.croxford.56 - 2012-10-14 15:09

    Yeah, we can get the chaps from SAA to run the mines. Seriously, this will never happen as we are talking about real money and the people who call the shots are not in the ANC or for that matter in government. They are the shareholders and the Oligarch's who have government ministers in their collective pockets. Any minister or member of parliament who thinks he/she is going to get support to nationalize the mines has been smoking his/her socks. Ain't gonna happen.

  • norman.buchalter - 2012-10-14 15:14

    We also have a long enough post apartheid history of destructive political alliances. greedy Black capitalists, self-serving labour unionists and confused communists make uneasy and unpredictable political bed fellows.

      fidel.mgoqi - 2012-10-14 16:54

      Capitalism, unfettered capitalism is colour blind and knows no conscience!

      fidel.mgoqi - 2012-10-14 16:54

      Capitalism, unfettered capitalism is colour blind and knows no conscience!

  • leko.dada1 - 2012-10-14 16:42

    What will Susan Shabangu benefit in blocking Nationalization of mines? USA economist are consideraing nationalization on banks of America ... Japanese already set precedent on nationalization of dysfunctional assets (benefiting few investors and connected corrupt blacks elite), I'm of a view that Susan Shabangu and all SOUND-ALIKE are easily misinformed and corruptable...

  • Gatvol Griet - 2012-10-14 16:44

    Then why has the state seized guardianship of all mineral rights on properties? Like Karoo?

      jason.croxford.56 - 2012-10-14 17:39

      The prospecting or mining of any land in SA is controlled by the state, therefore in theory the mines are already nationalized as you need the relelvant licenses etc to do this, which is not free as well as SARS taking their share of any profits. Any government run entity will be a free for all that will heammorage tax payers money. I think even they are not that dumb.

      jason.croxford.56 - 2012-10-14 17:39

      The prospecting or mining of any land in SA is controlled by the state, therefore in theory the mines are already nationalized as you need the relelvant licenses etc to do this, which is not free as well as SARS taking their share of any profits. Any government run entity will be a free for all that will heammorage tax payers money. I think even they are not that dumb.

  • fidel.mgoqi - 2012-10-14 16:49

    Nationalisation would only be positive with a stable, non-corrupt, "trustworthy" political structure in place. In principle, it's the right thing to do. Norwegians have benefited enormously from a largely nationalised oil industry, for instance. But SA isn't Norway. South Africa must evolve and mature politically before such steps are taken, otherwise the consequences could be disastrous. At the moment, the gov't should look for a larger share of revenue and a fairer wage for employees. The upside is that you cannot pay better wages to miners without upsetting the mine owners who happen to be mostly British/Australian. companies.

  • godfrey.phoku - 2012-10-14 17:12

    The strikes would have been controlable if mines were nationalised.

  • Prince Bird - 2012-10-14 17:15

    Only if we can use American style to elect president not just forwarding dom kops to lead us.

      fidel.mgoqi - 2012-10-14 17:40

      Bush Jnr, Sarah Palin..........?

      fidel.mgoqi - 2012-10-14 17:40

      Bush Jnr, Sarah Palin..........?

  • sihlangu.hokweni - 2012-10-14 18:15

    Nationalisation is NOT going to be determined by Mangaung OR EVEN the ANC.WE (the PPL) aren't going to have our MINERAL RIGHTS determined by 1 OLD WOMAN IN TIGHT TROUSERS who can't realise that her time is up! The People are going to lead themselves out of THIS ECONOMIC QUAGMIRE. Beware of the UNGUIDED MISSILES.VIVA APLA VIVA!

      sihlangu.hokweni - 2012-10-14 18:55

      @diewitbaas.seplaathand I will blow you up ONLY with my PRAYER to SOBUKWE,MOTHOPENG

      sihlangu.hokweni - 2012-10-14 18:55

      @diewitbaas.seplaathand I will blow you up ONLY with my PRAYER to SOBUKWE,MOTHOPENG

  • Gatvol Griet - 2012-10-14 18:32

    I just wonder.. Julius and his followers.. do you know what a capitalist is? YOUR BELOVED ANC LEADERS AND TENDERPRENEURS ARE THE WORST OF CAPITALISM!!

  • doug.sparks.397 - 2012-10-15 00:18

    I clearly do not understand this issue...The mines are already nationalised...The State ownes the minerals and rents (at a cost) to the mining company for permission to extract the the mineral vaule from the ground...The issue is: can the State can be more efficient than the mining companies in their management of these mines and also pay the rent?...I suggest not, they cannot..So what is the big issue about? I would suggest its about certain individuals seeking political power.

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