News24

Nationalisation back on the agenda

2012-09-20 22:22

Johannesburg - The ANC Youth League intends proposing the nationalisation of oil, steel and mining companies including Sasol, Kumba Iron-Ore and Arcelor-Mittal.

"As... amplified by the secretary general today, the ANC Youth League has already embarked on a process to identify the mineral wealth to be nationalised," spokesperson Khusela Sangoni-Khawe said in a statement.

Earlier on Thursday, ANC secretary general Gwede Mantashe announced at Cosatu's national congress that nationalisation was back on the agenda.

According to the SABC, Mantashe said the ruling party was identifying strategic assets in the minerals sector for nationalisation.

The ANCYL welcomed Mantashe's remarks.

"Finally, the ANC has acknowledged what the ANCYL has consistently said... strategic nationalisation of mines," said Sangoni-Khawe.

The league called on workers to intensify the struggle for the redistribution of the economy and emulate the courage and bravery displayed by mineworkers.

Comments
  • iwillemse - 2012-09-20 22:29

    da ANC wants 2 make u poorer (e-tolling), da youth league wants 2 'help' da poor(nationalisation)

      thandiwe.ngema.71 - 2012-09-20 22:55

      Why do they keep changing their minds? Mantashe is a liar. They must not nationalise these industries unless they want the country to lose A LOT of money..

      thandiwe.ngema.71 - 2012-09-20 22:56

      They don't have enough money to nationalise these assets anyway as they would HAVE to buy the assets off the companies legitimately or else South Africa would get kicked out of the World Trade Organisation like North Korea!!

      claudia.meads - 2012-09-20 23:14

      This old red herring is getting really tired... SA is too broke to afford its own national airliner, Telkom is little more than a broken line, Eskom is in a shocking state, Alexkor makes record losses each year (billions that is - so much for a state-owned mine), etc, etc. They cannot afford to nationalise the mines, let alone run it, it is a pipe-dream. The entire matter is a decoy to draw attention away from other matters - eg their gross mismanagement of Marikana, e-toll, poor performance in every manner and their general inability to run anything other than a shower. Reminds me of the Latin metaphor - panem et circenses. It refers to the superficial means of appeasement and was the Roman political strategy diversion and distraction. The ANC uses the "Nationalisation" red-herring whenever it wants to score points with SA's obtuse masses...

      rontheogre - 2012-09-20 23:24

      People like these are known as "tweegat jakkalse" and men who speak with forked tongue. Sorry, just cannot handle it when people move the goal posts when they lose the game under their own rules.

      rowen.loretz - 2012-09-21 00:08

      @ Claudia...spot on! Look at these government parastatals. Government cant manage them, they cant manage themselves...SAA, TELKOM, SABC, ESKOM...they all just unprofitable....why? , because of government and the cANCer that is spreading to all sectors slowly. Nationalisation wont work. The ANCYL printed these shirts as seen in the picture above "nationalisation rock's" with a free KFC lunchbox and probably a competition too where you can spend some time with bigmouth Juju in his palace. None of these people have an education but want to run a country! Fools

      sean.bagley.50 - 2012-09-21 00:56

      Why they want to nationalize when output in the country is shinking is just plain stupid.Foreign Investors,which in layman's terms means income,is looking elsewhere in Africa to invest and not in South Africa because of this nonsense of nationalizing. South Africa is fast becoming like Venezuela and Argentina,where their governments has confiscated all privately owned natural resource businesses.This will only put a negative outcome on confidence-sensitive investment into the country.

      john.bucknall.1 - 2012-09-21 04:52

      @sean.wolf, of course it's plain old electioneering, playing to the uneducated masses that with "nationalizing" comes "economic Freedom", poor suckers don't realize they've had EF all along but are too lazy to take advantage of it. Easier to stand in their normal pose of hand outstretched instead of working.

      juannepierre - 2012-09-21 05:52

      The mines will shut down... Watch this space, in two years there will be an outcry over even more unemployment.

      strauss.steven - 2012-09-21 05:56

      nationalisation doesnt make the poor any wealthier, it gives the government more money to swindel and more oppertunities to be corrupt.

      eduard.homes - 2012-09-21 07:03

      Why not make education a priority for the ANCYL. At least they can go to school and try and get some common sense, learn to read and write.

      allcoveredinNinjas - 2012-09-21 07:58

      Manguang, seriously this is them paying lip service . Nationalisation of those assets will cost trillions.

      Armand - 2012-09-21 08:47

      @Eduardhomes. Because that would be uncool to apply yourself in a positive direction.

      mo.matt.14 - 2012-09-21 10:03

      I keep saying, what makes the idiots think that nationalisation will have ANY effect on the poor? Where is the proof that this corrupt government will "share the wealth". Why are government employees today unhappy, and striking? Because they are not paid enough. And that is with the companies and institutions that the government currently own. They will not share a damn thing, it just gives them personally access to steal more of the profits for themselves, while the poor stay poor. The past 18 years is proof of that. People are as poor as they have ever been. The ANC would rather spend the "riches" on throwing expensive parties, buying fancy cars, hosting billions of rands worth of sport events, renaming streets and jetting all over the world. They WILL NOT share it once they have it in their greedy hands. Be warned. It's like handing the keys to your house to a known robber.

      jacqui.daanevanrensburg - 2012-09-21 12:31

      Thandiwe83. Mantashe wants to keep his job in December.

  • jock.black.50 - 2012-09-20 22:47

    "The league called on workers to intensify the struggle" Struggle definition: Make forceful or violent efforts to get free of restraint or constriction. We all know how forceful and violent they can get, unfortunately they never get free, forever in a bondage of the mind.

      bbooyse - 2012-09-21 06:12

      It also sounds like sedition

      jack.blacking.56 - 2012-09-21 07:53

      Come on really, how difficult can this be to resolve. Go ahead and begin by nationalizing one mine, this will unfortunately have to be our sacrificial goat...let these highly intellectual ANCYL mob run the mine for a year and then we can all see wether further nationalization is required due to its resounding success. But who we kidding here, i can guarantee you that mine will have been stripped clean, workers without pay before years end.

      ansie.b.badenhorst - 2012-09-21 12:12

      Jack, there has already been two sacrificial goats - Aurora and Alexkor. These idiots will never acknowledge that they do not have the ability to run a mine. I do not know how they think. Investors are never going to go ahead with investments in South Africa given the state of EVERYTHING the ANC runs. The biggest factor that is totally absent in the ANC is logic!

  • crracker.crackerr - 2012-09-20 23:07

    The whole of South Africa to be transformed into a shack farm except for the well-conneced. Profit motive destroyed. The poor can't help the poor. The whole tax base destroyed so the government can no longer pay those social grants every month. Investors and share holders obtaining court orders all over the world to seize all exports as soon as they leave the shores and air space of South Africa. Every time an aircraft from South Africa lands on foreign soil it gets impounded. Hey, this is a global village we live in. You can't on the one hand claim its benefits like cell phones and their batteries (after nationalisation kiss those batteries and updated phones goodbye)and simultaneously just take away from others as pleases you. The legal systems in the rest of the world will not allow it. It includes the Chinese who are also part of the vicious indigenous attacks spearheaded by the likes of Julius Malema. (Spearheaded? Must be a slip of some deep and unconscious thought process.) Anyway. Good luck.

      crracker.crackerr - 2012-09-20 23:30

      Correction: The legal systems in the rest of the world will not allow it. It includes the Chinese who are also part of the TARGETED vicious indigenous attacks spearheaded by the likes of Julius Malema. (Spearheaded?

      andy4real - 2012-09-21 09:42

      Yes Cracker, dif this get reduced to shacks,,its going to be a good thing, Everyone will be equal,

      jomardl - 2012-09-21 11:53

      Haha Andy - that's just... genius. You first, though. Don't have AIDS yet? You should get it! You know because everyone should be equal and some people have AIDS... Can you walk? You know, some people can't... In the interest of equality, you should break your neck.

  • peter.mansfield.395 - 2012-09-20 23:20

    Is the ANC really determined that South Africa should commit economic and developmental suicide?

      Philip Nel - 2012-09-20 23:26

      Nationalisation won't work . It's been proven that it doesn't . They are using it to fool people and line their own pockets .

      maureen.churchill.9 - 2012-09-21 06:24

      ANC = Another Nasty Cockup

      andy4real - 2012-09-21 09:42

      I think maybe we need to destroy everything so that we can start afresh. MAybe then we can all be equal

      jomardl - 2012-09-21 11:54

      Andy, read Animal Farm. We are all equal, some are just more equal than others.

      pyn.appel - 2012-09-21 13:39

      @Andy4real - Will nationalisation of minerals make everyone equal!?!?! NO!!! The fact is that there are allready BEE fatcats part of the mines and they are not sharing with the poor ... some of those mines allready closed down = job losses (all races) and more poor people without income (all races)! Education (As reported earlier in the week) determine your wealth, no matter what race you are!

  • sj.fourie.56 - 2012-09-20 23:57

    Honestly now. We need fresh young people to take this country forward. A group of people with vision...definitely not the DA...ANC or ANCYL for that matter. Anc has proven it is unable to run a country. Look at the corruption. Look at rapists n farm murders. You dont hear of corruption in mining industry. Sorry to say this but poor black south africans arent willing to work for anything. All they want is more n more. Latest strikes at mines is obvious. So id encourage nobody to invest in SA as long as anc holds power.

      rowen.loretz - 2012-09-21 00:22

      you right. the poor just want want Want WANT ! We have the laziest workforce in the world. 10 % work, 80% dont work and the other 10% milk it in government with tenderpreneurs and corruption. The rest just steal and pray for "economic freedom" ( THEY THINK THIS MEANS GETTING MONEY FOR NOTHING - I laugh when i hear this phrase...- 90% havent even got a clue what economic means)

  • sj.fourie.56 - 2012-09-20 23:58

    Anti anc...anti da...anti ancyl

  • Mazan Mnguni - 2012-09-21 00:16

    Really NOW! take a look at all government run institutions there are a disaster. SA will be DOOMMED

  • crracker.crackerr - 2012-09-21 00:19

    Nationalization. One boss everywhere. Logistics: Same bribe everywhere (OK. Some rogue elements may try to get more out of you to get you a job.) Final subservience.

  • crracker.crackerr - 2012-09-21 00:25

    Nationalisation: New bosses will be the trade union officials and shop stewards. That is the opportunity they are waiting for. Secured employment with nice wages. Madness so obbious! They will tell the whole world they have the knowledge and experience. And of course it will be part of their BS to be paid more than the workers.

  • lungile.mnguni.7 - 2012-09-21 00:38

    ANC and ANCYL takes ordinary people of south africa who voted it for granted. State can't even manage to control their own ESKOM and PETROSA, but now they want to nationalize SASOL! How the hell are they going to bring the investors inside the country! I see the same crises as Zimbabwe. ANC please stop thinking about yourselves only, you must also think about people who brought you into power. We ordinary south africans we still have the powers to bring your government down.

      Muffin_man_can - 2012-09-21 05:45

      Lungile you are spot on with your analysis, but you also mention the solution to the threat of SA's economy colapsing: The Anc needs to be removed out of power, that is the only solution. I so hope that people will vote using their mind and not according to their emotions in the coming election..

      omegaphuthi.mpunzi - 2012-09-21 07:57

      @ Lungile think African, remember Africa is your mother land. Zimbabwe is doing very well because they trust Africans can do everything freely on they are own. Viva Africa

      marie.salzwedel - 2012-09-21 09:57

      omegaphuthi.mpunzi - Where do you live. Since when is Zimbabwe doing well. Surely you have no clue what you are talking about. Must be living somewhere you don't get newspapers or follow the news: August 29 2012 at 12:00am By SAPA Harare, Zimbabwe - The United Nations food agency says hunger is worsening in Zimbabwe after erratic rains, shortages of seeds and fertilizer and “poor agricultural practices” in the troubled economy led to a reduction in fields planted with the main staple foods.

      steve.ritchie.739 - 2012-09-21 10:11

      @ohmegosh.mpunzi. If you think that Zim is doing well, then you had better go back to the school that you got your minimal education from and demand an immediate refund. Rather pack up and go live in Zim where you can join the millions of starving people in the hand-out lines. You are one short-sighted troll with it's head stuck deep in the sand.

  • sgcrampton - 2012-09-21 00:43

    I don't care if the government takes a 50% or a 100% share in companies they want to nationalize. I would just like to know where they are going yo find the money, even if they do that money could be spent for the betterment of the southern African people! Poor Pravin Gordon must be pulling out what little hair he has left.

      crracker.crackerr - 2012-09-21 00:55

      True. And soon nobody will believe a word he says. Most already don't. But it will get worse. You appoint a questionable character as president with the help of a questionable character and this is how you end up. The one questionable character afraid of the other questionable character and determined to stay in power because the other questionable character is waiting for that opportunity to take revenge against his former friend. And both know they should rather not come out with the full truth about how they used to help each other.

  • sgcrampton - 2012-09-21 00:44

    *to

  • JoMelGroup - 2012-09-21 00:51

    Wise business practice: If you are faithful in managing 10 staff, you'll be put in charge of 20. When 100% of our municipalities are faithful in managing what's been given them, then they can start looking at buying mines, businesses and expanding.

  • sj.fourie.56 - 2012-09-21 01:20

    Rsa welfare country of africa. If u kill n demolish u wil b rewarded. Scrap BEE and EE...employ people who CAN and WANT to reaaaaaally work. Not the zumas...zilles...etc. real people with real visions...

  • john.chamberlain.3152 - 2012-09-21 04:12

    Historically the track record of nationalisation is a disaster and has had to be reversed. Those dabbling in politics need to be more intellectual, pick up history books and read about the results of nationalisation and cooperatives. Nationalisation is used as a vehicle to enrich government cronies only. Nationalised companies are not driven by the need to make profit because of government bailout. This is not the way to attract investment and promote employment. Think again!!!

  • Sharmay - 2012-09-21 05:00

    Makes me wonder if the whole Marikana thing wasn't a setup. Miners strike, production stops, mine loses value and government buys it cheap so they can nationalize.. Something fishy about Malema being there too. I dunno...*shrug*

  • vincent.vinsaint - 2012-09-21 05:12

    Finally, the ANC has acknowledged what the ANCYL has consistently said... strategic nationalisation of mines.-Orchid becareful.

      bbooyse - 2012-09-21 08:29

      Off course, because Aurora was such a success story!

      shaylene.stenger - 2012-09-21 10:49

      and the hospitals, schools, service delivery, unemployment, crime is running so smoothly? seriously do your think the goverment will be able to maintain the mines?

  • Asdiedamwalbars - 2012-09-21 05:16

    Communism wil not work ..it will backfire on those who try now to impose it, and their families in the future .. as well as on the poor who now already getting poorer and hungry. They will ask questions in the future why the could not even buy a daily bread then. Do your homework and study better.. Not like in the old days when you should have studied.. but instead toi toi to bank school.. Now you hide the real truth about disaster you know about in the countries who nationalised from your voters. Compare these countries and their daily living, with free market countries.. where you like to hang out with your families and enjoy your holidays.

  • mpho.c.moreki - 2012-09-21 05:23

    I cant wait to see Sasol chemicals explode because of incompetent tenderpreneurs who will be assigned sasol,hahaha,Our government just likes messing up good things.why not nationalise everything?SABC has been poorly managed by the ANC baord,to solve this problem we have to nationalise Multichoice,which outpeforms the SABC.

      snot.gurgle.3 - 2012-09-21 08:59

      Quite a few years ago there was an explosion at Sasol. The conclusion after a goverment and union investigation was... .....THERE'S TO MANY PIPES!!!

  • Muffin_man_can - 2012-09-21 05:37

    Blah blah blah... Can someone just silence this little toothless barking dog, it's really irretating..

      ed.gutsche - 2012-09-21 08:27

      nationalise jacob 'showerhead' zooma and the anc's bank accounts...maybe also nationalsie nkandla... :)

  • Marcel Marais - 2012-09-21 06:08

    Yes why not! The anc cant even run n municipalitie with out getting bankrupt!!! So nou they want to F#*k up the main componies in S.A!!! the ancyl members are dum asses who dont care for others only them selfs, if they cared as much for S.A as they tried to F#*@ up we would be living in a awesome place! but they are to lazy to work and only want to sit back and ride the gravy train!

      ayub.sayed.750 - 2012-09-21 08:01

      Yes we would be living in an awsome place where, apartheid is rife, black people would not be able to make comments in the paper and on TV, most businesses would still be operated, managed and owned by white people, the National Party government would boast good infrastructure (in white areas only but f*@k what is happening in townships). When white dumb asses where only caring for themselves then it was ok because "they are intelligent" people who know how to run a country.Every government rides the gravy train.....the old NP just never reported on its members getting caught, WOW we do have freedom of the press. People were too scared to go against the old apartheid regime, could not call Vorster, De Klerk etc abusers of human rights for fear of been imprisoned but were very eager live and benefit from that system. So instead of using your freedom of speach negetively get off your high horse and try to make it work in this country.

  • terence.wessels.1 - 2012-09-21 06:11

    Ha ha I want to see the ANC and this nationalisation of everything every shareholder is just gna take his money and rather go invest in something that's managed well abroad. Then our countries economy is gna be even more down the drains its not long before were just like Zim

      winifred.watson.9 - 2012-09-21 09:48

      Terence, we are already there.....just listen to the dictators when they speak. Look at the murders carried out on old people they are not just happy to take what they want they are sadistic in their killing. They move forward, keep walking backwards, they say we are afraid, but who walks back in a struggle ....to struggle some more, or to go forward the make something of what you have been given. Problem, they are waiting for moses to Give them the promised land and an ABSA banking account, dont want to work for it themselves.

  • MarcoLValente - 2012-09-21 06:14

    Bunch on geniuses ...

      JohannP - 2012-09-21 07:05

      Yip. You really are one to speak!

  • bbooyse - 2012-09-21 06:19

    Nationalisation is economic suicide - don't believe me? Ask the Zimbabwian refugees living here..

  • maureen.churchill.9 - 2012-09-21 06:20

    Nationalise the mines and other enterprises at the peril of losing an o.k economy. You get malema who keeps taking the lead then you note that the ANC says 'well not totally' Why don't you just come out and say it ANC and stop using malema to mouth it for you....At present you have a 'wonderful' track record look at Eskom and Telkom, damn thats not working lets try afresh with other companies. Greed destroyed many a country.

  • douglas.reid.921 - 2012-09-21 06:23

    Ancyl have contributed nothing and just want want want. Useless bunch of stupid Komrads.

  • duma.nkabinde - 2012-09-21 06:29

    its been on the agenda since 1955! MAYIBUYE i-Africa!

      marc.schnehage - 2012-09-21 06:45

      What does that mean- Poverty to Africa?

      bbooyse - 2012-09-21 08:15

      Zimbabwians had South Africa to run to after their government nationalised - where will you go I wonder?

  • loading123 - 2012-09-21 06:35

    Have you noticed, almost everyone here is against nationalization, even though they don't benefit from the mines at all. Why? Because we realize that it will be a screw-up for our country. How ever dumb the ANC may be,I doubt they would do this as they realize it will be catastrophic to our economy. They purely bring it up because the masses like the sound of it(for some unknown reason - oh wait, because people like to listen to dickheads like Malema, once again, for some unknown reason) When are the masses going to realize that no good can come of this? Why do they think they'd be better of nationalizing everything in our country? Why do they think the mines will be run better than SAA, for example? When are the masses going to get their free brain from the government(because we don't work for anything) so that they can think for themselves? This country is run by a joke, and is going to inevitably end up like Zimbabwe.

  • breinlekkasie.dodelikegif - 2012-09-21 06:36

    The leaders of the ANCYL are looking for a quick buck. They don't want to work for anything. They are part of the new self-righteous, lazy generation that want other people to redistribute their hard work so that they don't have to work. Play the Lotto if you don't want to work!

  • Johnson - 2012-09-21 06:44

    Perhaps the ANC should consider the population growth and number of foreign immigrants roaming our streets today - if you have a population growth of 10% and economical growth of 2% {You will have unemployment} currently the unemployment is say at 20% - add the 8% above annually. You will never eradicate unemployment unless these two balance.

      louis.nolte.3 - 2012-09-21 07:48

      First they have to be literate to understand these things...you know more than them already!

  • tobydt - 2012-09-21 06:56

    Fact: Nationalisation Sucks c***s.

      michael.molemahang - 2012-09-24 11:03

      nationalisation theorically good, PRACTICALLY BAD

  • eduard.homes - 2012-09-21 07:03

    Why not make education a priority for the ANCYL. At least they can go to school and try and get some common sense, learn to read and write.

  • Zahir - 2012-09-21 07:16

    Anc destroying SA one day at a time

  • Zahir - 2012-09-21 07:20

    Anc can't run anything this just another way for the bee elite to steal billions

  • J.Stephen.Whiteley - 2012-09-21 07:31

    The ANC means 51% ownership. The ANCYL means 100% looting.

  • sefako.mokgalaka - 2012-09-21 07:46

    I am afraid there is no clear solution to the nationalization issue. We need very ethical and competent leadership in government before nationalizing mines and other factors of production. Yes, we need to nationalize and land reform in South Africa. I would suggest 51% control of mines by state for now. Government need to recruit management from the private sector because the caders have got no clue what management of state resources mean.

      lynette.venter.12 - 2012-09-21 07:56

      51 % to the greedy fools? Shares will plummet and 100% will be bankrupt in a week.

      bob.mcmillen.564 - 2012-09-21 08:12

      sefako, why 51% control by the state, give me one example of anything this ANC has done correctly, why do you suggest they get the controlling shares in the mining sector, I just want to have the opportunity of trying to figure out your logic.

      michael.molemahang - 2012-09-24 11:24

      @ SEFAKO.. DNT U think they (ANC) are creating access(tender) to mining sector.remember mining is a key economic sector in SA and africa as whole.

  • arthur.salvado - 2012-09-21 07:47

    Welcome to Africa's next failed state. Bunch of thieves.

      omegaphuthi.mpunzi - 2012-09-21 08:14

      Wecome to Africa's next prosperous state! VIVA Africa use your resourses wisely for the benefit of africans!

      jomardl - 2012-09-21 11:59

      @omegaphuthi.mpunzi - what exactly are Africa's other prosperous states, clown?

      christopher.collings.9 - 2012-09-24 16:18

      mpunzi lol u are funny! Do u really think u will see any of that money? What happened to the revenues made from the soccer world cup? Where is it? Gone & not in the pockets of the average joe soap.

  • louis.nolte.3 - 2012-09-21 07:48

    Now we know why Malema orchistrated the mine revolt!

      louis.nolte.3 - 2012-09-21 10:41

      Unfortunately, after having traveled the whole of Africa, I have got to tell you that the African way is not one of thinking...

      shaylene.stenger - 2012-09-21 10:54

      @omega , please name one rich or should i say firt world African country? clearly Africa's way doesnt work!!!!!!!!!

  • mdandrease - 2012-09-21 07:56

    Wow why am I not surprised we hide serious problems of our government's incompetency and this Nationalization is an insult to our people. It doesn't take a genius to figure out how government has miserably failed to run the Public Sector. How many municipalities got Qualified audit reports and you think they will come up with strategy to run private mines. Nationalization will never work ever

  • John - 2012-09-21 08:15

    When people talk about mines they always refer to the \underground tunnels\, but they seem to forget about the processing plants such as concentrators, smelters, refineries etc. that are required to treat the \rocks\.\r\n\r\nNormally these plants require a more educated/skilled workforce. As well as a large number of engineers, such as chemical engineers. I doubt that any Sasol engineer with a PhD or MSc would stay at Sasol if it was nationalized by cANCer. I'm not against \sharing the wealth\ or any of those pretty notions, but as a chemical engineer I will not work for a nationalized company. (And before any of you uneducated/illiterate morons say: \We'll do it without you guys, so go away\ - no you won't, that I promise you) And I garuantee you that the goverment will not have the skills or know-how to run these plants.\r\n\r\nSo my advice to fellow chemical engineers (or other semi-intelligent/skilled people -artisans, fellow engineers etc.): Go into consulting when these mines get Nationalized, we will make a killing in consulting fees! So cANCer bring it on! I want to start building my retirement nest egg...

  • John - 2012-09-21 08:19

    When people talk about mines they always refer to the \underground tunnels\, but they seem to forget about the processing plants such as concentrators, smelters, refineries etc. that are required to treat the \rocks\.\r\n\r\nNormally these plants require a more educated/skilled workforce. As well as a large number of engineers, such as chemical engineers. I doubt that any Sasol engineer with a PhD or MSc would stay at Sasol if it was nationalized by cANCer. I'm not against \sharing the wealth\ or any of those pretty notions, but as a chemical engineer I will not work for a nationalized company. (And before any of you uneducated/illiterate morons say: \We'll do it without you guys, so go away\ - no you won't, that I promise you) And I garuantee you that the goverment will not have the skills or know-how to run these plants.\r\n\r\nSo my advice to fellow chemical engineers (or other semi-intelligent/skilled people -artisans, fellow engineers etc.): Go into consulting when these mines get Nationalized, we will make a killing in consulting fees! So cANCer bring it on! I want to start building my retirement nest egg...

      omegaphuthi.mpunzi - 2012-09-21 08:55

      John Land is the only important thing African they have land. Chines are very much willing to share wealthy with Africans!

  • shawn.swiegers - 2012-09-21 08:31

    If the parastatals are in such a mess, ie SAA, SABC, Eskom, Transnet et al, than why in heaven's name would nationalisation improve the lives of ordinary South Africans. The mines will start to loose billions due to incompitent and corrup management. The safety of mine workers will further be adversely affected. The killing of the Marikana workers will pale in camparison to the deaths that will be caused by dropping safety standards due to nationalisation. Government, prove to us you can fix the parastatals before you even talk about taking over the mines!

  • henk.vanrensburg.31 - 2012-09-21 09:29

    I can t wait for all my money!!!!

  • winifred.watson.9 - 2012-09-21 09:40

    How many people in the street actually know what nationalization means other than just expecting a bank account in their name which is loaded monthly from all this. They are not educated to understand what it means other than stupid people building up their hopes of economic freedom. Do they realize who will be the biggest scorers when this happens, when things go bang, they are going to cry in the gutter in desperation. The real disadvanted people after 18 yrs are the ones that have been sitting around waiting for moses to give the promised land with an absa banking a/c that never runs out. I am afraid, that South Africa has become South Communist African has just about fallen to the same level as the rest of Africa, Look around your towns and what do you see....look at the tv on other african towns, filth and squalor. Shops and houses, barred to the teeth because of crime. Yes they will get economic freedom, but it wont last very long because we already have landed in the situation I have already discribed. South Africa is going to be losing many of their citizens who are essential to keep the country running. We have decitators running the country at the moment, Zuma, Cosato, numsa and an overgrown youth idiotes spewing absolute rubbish but like the prezzie said, its the majority that have the power, if the minority dont like ....he was short of telling us to move on, which many of us are already doing having to send our children out the country to get work.

  • tshepo.maganedisa - 2012-09-21 09:48

    Mines must be nationalised

      klasie.kitshoff - 2012-09-21 10:03

      Just try that! You can link the Rand to the Zim dollar afterwards. Dont touch the stuff of big brother; you'll get a hiding!

  • thapelo.mafu - 2012-09-21 10:05

    Let us be objective...Botswana government own 15% of Debswana. In SA mining co are only liable to pay tax, and contribute R50 mil to communities they operate in per annum, and of course employment opportunities. . Is that really enough? Need I say more...Please look at Financial books of these companies(freely available on the net). Hmmmm, they are making BILLIONS. Is their contributuon really proportional to what they give back to communities and the country as whole? NO. Nationalisation can really work if its done strategically...Botswana is a typical example...They own a certain percentage, they are not involved in operational activities. DeBeers does. UAE are doing well, and they are using profits generated from oil to fom other industries like tourism for example, cause they know OIL will one day dry out, the same goes for our mineral resources. Remember, every generation blames the one before...We will be blamed for leaving the with mining dumps, acidic water contamination, and and and.....

      lance.hurly - 2012-09-21 12:16

      @thapelo. I lived and worked in Botswana for a few years a while back, and I agree that they have largely got it right. The major difference for SA is that our government is rife with systemic corruption, and truth be told, it is unlikely that the average man in the street will benefit one iota from government being part owners in the mining industry...

  • yanga.dlokolo - 2012-09-21 10:18

    Wrong move mantashe, wrong move

  • arendene - 2012-09-21 10:21

    hahaha, i am reading some of these comments and it is crazy how some people think we will lose money if we do not nationalise! Economics does not work like that! Foreign countries only invest in stable economies. As soon as politics cause instability, like claiming to nationalise, it scares of foreign investment. Saying we do not need foreign investment is absolutely crazy. South Africa is going to become another underdeveloped poor 3rd world country if we carry on the way we are. The London times published this: "South Africa is the only country in the world where affirmative action is in the favour of the majority who has complete political control. The fact that the political majority requires affirmative action to protect them against a 9% minority group is testament to a complete failure on their part to build their own wealth making structures, such that their only solution is to take it from others." Food for thought!

      winifred.watson.9 - 2012-09-21 10:54

      Exactly, Whats more the majority do not think for themselves, the go by what they are told and that is the biggest problem. If somebody tells them to jump, they dont question they jump. Hence we have a government and their bedfollows enjoying the spoils and herding the masses like sheep to the slaughter. There is nobody to actually educate them in the rights and the wrongs. They are living in the wrong era, the are still fighting the struggle......what struggle...I say the struggle to cross over and stop being guided by the wrong people. When they have chased away investment and the minority that are keeping the majority afloat, what is economic freedom going to mean to them then. Just look at the whole of africa and show us one country that has been successful all you see is filty and squalor and the elite riding around in expensive cars etc still drumming home promises of what..........a better life. ha ha ha

  • John - 2012-09-21 10:52

    I don’t understand why people think the Chinese will assist during nationalization and ‘share the wealth’? They are ONLY interested in securing minerals (such as platinum for autocats in cars) to ensure that CHINA (NOT SOUTH AFRICA) keeps on prospering. They won’t tolerate inefficiency and they will ensure that terms and conditions are such that they benefit in the long run. They blind everyone with the promise of wealth, but they will do nothing for this country. The only way our country will ever succeed is by improving education. It sounds like a cliché but that’s the reality. Think of all the promises the ANC government has made to its people and still millions live in poverty, why would this promises of nationalization improving lives be any different from the previous promises?\r\n\r\nBut, don’t take my word for it. For those who don’t agree, print a copy of this comment and put it in a Chinese fortune cookie and open it in a couple of years from now.

  • jomardl - 2012-09-21 11:48

    FACT: No miners will be better off. FACT: A lot of politicians will be a lot richer without having done a stitch of work to earn it.