News24

ANCYL dismisses nationalisation book

2011-02-04 17:31

Johannesburg - The Free Market Foundation's critique of nationalisation of mines in a new book is grounded in "misinformation", the ANC Youth League claimed on Friday.

"To parade their political bankruptcy and intellectual laziness some members of the right wing group try to revise a tired argument that the Freedom Charter does not call for nationalisation of mines," spokesperson Floyd Shivambu said in a statement.

He claimed those debating nationalisation for the foundation hadn't read the ANCYL's document on the subject.

It "clarifies in great detail some of the concerns they raise in their booklet".

The league had dedicated "adequate time" to whether the Freedom Charter indeed called for the nationalisation on the mines, Shivambu said.

"The ANCYL is not against further contributions and robust discussions on the nationalisation of mines, we actually encourage it."

The league has spearheaded the push for nationalisation of the mines in the ANC, and garnered a small victory at the party's national general council last year, when it was agreed that the state's possible involvement in key economic sectors would be probed.

Business Day on Friday reported that nationalising the mines would do black South Africans more harm than good - according to the Free Market Foundation booklet.

Economist Vivian Atud, who penned a chapter of the booklet, was quoted saying: "Even though many more blacks may wish to be involved in mining, nationalisation would be the wrong route to take.

"Given that ownership by the state is not the same as ownership by citizens of the state, nationalisation of the mines would actually mean a reduction in black ownership."

Foundation director Temba Nolutshungu told Business Day the book imparted knowledge to those who cared about the consequences of nationalisation, but were not armed to argue against it.

Comments
  • semaj - 2011-02-04 18:04

    Vuka ANCYL, look around Africa and then tell us that it does not work. Take a good look at our own parastatals and come back with a cogent argument why they are failing. Parastatal= state enterprises in drag!

      ant177@24.com - 2011-02-04 21:19

      How can we even listen to them, look at that leader. a sick joke of a donkeys asshole.

  • briansmith702 - 2011-02-04 18:08

    Just another way they can loot state resourses nothing else. A bankrupt bunch of black fools.

  • Peter - 2011-02-04 18:26

    Political bankruptcy and intellectual laziness? hahahahaha...You've got to be smoking spliff Floyd.....or were you at Kunene's ZAR Club again?

  • SimonP - 2011-02-04 18:27

    Why do the ANC/YL ALWAYS pick a system that has failed globally. Its as if they actually want SA to fall in line with the rest of sub-saharan Africa ie a disaster zone.

      lmduplessis - 2011-02-04 19:00

      Because they pick a system that can fail catastrophically WHILE they make boatloads of cash out of it.

      Xavier - 2011-06-08 21:05

      O, don't forget, and to say it's apartheids fault

  • Chibuli - 2011-02-04 18:29

    With all due respect, the ANC Youth League comprises kids who have no clue about world affairs. Even their leader lacks a decent education, and therefore credibility. People should not take them seriously because they are, after all, only a bunch of amateur politicians. The best weapon against crass stupidity is to ignore it - eventually, they will resort to self-destruction in order to gain attention!

      Realist - 2011-02-04 22:15

      Well put, but when will the ANCYL supporters wake up too

      jouplesier - 2011-02-05 03:37

      the problem is that these uneducated youths in the ancyl will one day be our future leaders....UNLESS WE TAKE ACTION TO STOP THEM

  • lordwabbitspam - 2011-02-04 18:30

    This is a clear attempt by the ANC and it's cronies (and sister and brothers and uncles, cousins e.t.c.) to get another cookie jar they can put their hand into. Yes a few lucky black South Africans will become new millionaires, but the vast majority of poor South Africans (of all races) will become that little bit poorer, struggle that much more to put food on the table. Especially when taxes are raised to support a once productive mine that with all the corruption and ineptitude eventually drive it into a profit loss.

  • Peter - 2011-02-04 18:31

    We all know what the Charter called for, but it was written a long time ago and the world has moved on.Even the great Nelson Mandela agreed at his release that it would not work with the mines and banks.Get with the program, go create the jobs you said you would, provide housing and electricity that you said you would, go and create, dont destroy like the rest of Africa.Oh, and did i mention we wouldn't actually allow you to do it...?

      SimonP - 2011-02-04 19:01

      Seemsthe YL want to be stuck in the past so they can continuously use the "blame apartheid" excuse.

  • Warren - 2011-02-04 18:55

    Blah, blah, blah! More kak spoken by those with infinite wisdom! P.S. I did'nt bother to read this article.

      ant177@24.com - 2011-02-04 21:11

      You too!!!

  • Warren - 2011-02-04 19:01

    The ANC cannot govern the country, what makes them think that they can run mines?

      Realist - 2011-02-04 22:19

      Agree, just look at the Gov Hospitals, Roads, Schools, Municipalities and high accident rate of taxi's we rest our case...... the mines will be total chaos.....Accident rates will spike Minimum wages will make the workers even poorer...

  • coolwaynie - 2011-02-04 19:06

    I wonder who writes their 'statements'. It's certainly not anyone from the comedy band ANCYL.

  • David - 2011-02-04 19:28

    If anyone wants a foretaste of a nationalised mining industry under the ANC, then just look at the recent history of Aurora Empowerment Systems.

  • maseratifitt - 2011-02-04 20:35

    Dis Flee Markit Fundashin nose nutting about revolution. Dey need pilotical edookayshin. Dere kritisism are out of corn text.

  • Matt - 2011-02-04 20:42

    Nationalisation = exit of cash = Zimbabwe in a heart beat.

  • craig.joseph2 - 2011-02-04 20:54

    When will these monkeys realise that their attempts to get their grubby hands on national wealth is so transparent its beyond a joke! Nationalisation hasn't worked in any other country. I guarantee the youth league will fail dismally.

  • Reveal Them - 2011-02-04 21:09

    11:1:6:6:5:13 thats what is being said.

  • Julius-Mal-Emma - 2011-02-05 00:47

    its as if the ANC and ANCYL are two different parties all of a sudden- ANC is mum on it and ANCYL push forward, but tehn they sit together and tap each other on the shoulder..the ANCYL is just a mouthpiece for what teh ANC exactly wants- since when does Youth leagues have so much say and power? IO mean why is Zuma not saying anything.. he and the ANC supports it and wont say it out lud because as the ANCYL scares of invenstors, the ANC tries to keep them- nad they play it by ear by the expressions the ANCYL get of the public.

  • donovanvorster1 - 2011-02-05 09:55

    A kingdom is ruled by a King.....a County is ran by a Count......South-Africa is is a Country....guess why???

  • Taff2 - 2011-02-05 10:49

    How does one acquire the ANCYL document, I need something to brighten up my week-end

  • dup007 - 2011-02-05 13:40

    ANC what a joke - get real please - stop "parade YOUR political bankruptcy and intellectual laziness" go back to school and learn something please...

  • Cyril - 2011-02-06 18:35

    The ANCYL People really enjoy the look of Mugabe land-Assholes, theres no Whites to turn to when SA is finished-DUMBASSES!!!!

  • shatzi - 2011-06-08 20:29

    they dont have the brains or drive to run the parastatals,and now they talk nationalisation so they can steal the wealth of this land and destroy the little we have left,these monkey burners are destroyers not builders a few hundred years ago they didnt even have clothes or for that matter even the wheel,the 21st century has come upon them about a 1000 years too soon

  • Gierg Seiznem - 2011-06-09 10:12

    I have read Nolutshungu's "Nationalisation" book with its contributions from various other authors. The case against nationalisation they put forward is empirically supported with examples from every continent. Unfortunately, this is not a legitimate economic issue, it's an emotional political one. "The ANCYL is not against further contributions and robust discussions on the nationalisation of mines, we actually encourage it." "To parade their political bankruptcy and intellectual laziness some members of the right wing group try to revise a tired argument that the Freedom Charter does not call for nationalisation of mines," Doesn't really sound like reasoned debate there...

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