News24

Blanket nationalisation rejected - Zuma

2012-08-03 23:08

Johannesburg - The ANC has rejected blanket nationalisation, President Jacob Zuma told Heads of Missions in Pretoria on Friday.

The emerging view was that the state should play an increased role in selected minerals considered strategic to the country's development, Zuma's spokesperson Mac Maharaj said in a statement.

Zuma was responding to diplomats seeking clarity on the African National Congress' nationalisation debate.

Maharaj said these selected minerals were part of ongoing discussions within the ruling party.

"Such involvement could take the form of part ownership or full ownership of mines for such minerals to help drive development programs.

"There is also a proposal for a tax on windfall profits on mining," Zuma said.

According to Maharaj, Zuma told the meeting that the final decision on the matter would be taken at the ANC's national elective conference in December.

He assured the gathering that South Africa was open and ready to do business with foreign investors and the private sector.

"[Government] departments... must pay suppliers on time and generally remove hassles and make it easier for investors to start their businesses," he said.

He further said South Africa's involvement in the Brics (Brazil, Russia, India, China (grouping) was to advance the south-south co-operation.

Comments
  • peter.fraser.92754 - 2012-08-03 23:24

    Who are they trying to pacify with sweet words and rhetoric ? They will nationalise,finish and klaar.Malema and co will see to that.

      press.enter.12 - 2012-08-03 23:34

      Yeah - only we plan to f#ck it up by stealth . . . .

      thandiwe.ngema.71 - 2012-08-03 23:52

      If they nationalise anything it will be the first step on a road to ruin..

      john.barbarian.9 - 2012-08-04 03:17

      Lovely News !!! I want News24 to revisit this topic after Manugang 2012

      Billy - 2012-08-04 03:47

      why not just say, nationalisation rejected... second phase blanket agent

      chris.barton.1690 - 2012-08-04 06:47

      @ Leonard - 10-4 buddy, nationalisation of minerals (especially the ones that really matter i.e. gold) is a forgone conclusion. The ANC are cunning bastards. Listen to their words but rather concentrate on what they're NOT saying...

      ian.flack2 - 2012-08-04 06:59

      1. "The ANC has rejected blanket nationalisation" 2. "The emerging view was that the state should play an increased role in selected minerals" 3. "Such involvement could take the form of part ownership or full ownership of mines" Now, there's contradictions if ever there was............

      marcusvandermerwe - 2012-08-04 07:14

      Let's be honest. Apartheid has not been abolished, it's just been modified. Why would the ANC abolish a system that the previous government wanted, there must have been good rewards. Forget the racial segregation, that's just a smoke screen while someone is running away with the money.

      heidirachael.pieterse - 2012-08-04 08:05

      Oh come on Man!! for f32k sakes...they do wrong....no one shuts up about it. They do right...you huff and puff and wait for them to do wrong!! wehy don't you change your attitude and maybe then our coutry will change for the better

      dean.armitage.351 - 2012-08-04 08:07

      I'm sorry but this is getting ridiculous! How the hell do they plan to nationalise blankets???

      phillip.beukes.5 - 2012-08-04 08:26

      i am truely happy to hear the BLANKETS are safe... now we need good news regarding all the other stuff.... like mines (not yours), farms and all the other bussinesses that help pay for your luxuaries....

      fussed.anderson - 2012-08-04 08:45

      This person must be stopped urgent. He takes in clean air and converts it to raw sewage

      morama.sebata - 2012-08-04 08:56

      I like your view and wish that can happen very soon.

      Armand - 2012-08-04 09:14

      I hope they also nationalize the coal mines that belongs to the ANC fat cats for starters.

      Jellyarse - 2012-08-04 10:52

      Yeeeeessssss! We will not nationalise Blankets but have decided to nationalise tin roof's instead! Bunch of Wa**ers!

      louis.olivier.988 - 2012-08-04 11:47

      It will not happen as long as his many wives and children are forced on private enterprise as CEO and directors

      edward.patterson.923 - 2012-08-04 16:59

      @peter; I hope you aren't right. However, what is clear for ALL Africa is they are inviting the Chinese in as favorite training partners. When that is all said and done the chinese will make the west look like benevolent uncles. The chinese will be Africa's new masters. At least the west learned and admitted what it did to africa was wrong. The Chinese will do the same thing but they don't think it's wrong.

  • jeremy.forbes.1293 - 2012-08-03 23:47

    The ANC have looked over the precipice and got very scared. If Zuma said, 'we will nationalise all mines' what would follow is a mass withdrawal of investors from the economy taking their money with them. Followed by a falling rand and a substantial rise in interest rates by at least 10%. Followed by inflationary pressures of the kind seen in Zim - within weeks a loaf of bread would cost R1000. Talk of nationalisation brings about these nightmare scenarios in a globalised economy. Lets hope the ANC would have learnt a lesson from this or maybe they just don't care since their ill gotten gains are safely stored in Swiss Bank accounts.

      jenny.webbe - 2012-08-04 09:23

      Zuma is trying to keep the investors interested whilst at the same time, keeping the masses in hope that they will somehow get money in their pockets by hinting at nationalization. Once he gets in for another term, the nationalization issue will die overnight, leaving the poor even more desperate and hopeless, but what the hell, he's okay and can continue ripping the country off as he swans about in his private planes, living high on the hog. He raises expectations and then has no qualms in cancelling his promises.

  • blip.noodlum - 2012-08-03 23:49

    That must be a relief for those who feared Zuma might nationalise their blankets. (hehehe). Cold comfort for those who own mines and banks though.

      blou.johnny - 2012-08-04 02:08

      .....Blippie made a joke..! ....please laugh everybody...! ......He he he he he he..!

      joyce.kweyama - 2012-08-04 06:57

      How did they acquire them?

      blip.noodlum - 2012-08-04 09:39

      Part of a blanket amnesty?

  • shilulu - 2012-08-03 23:50

    in politics never believe anything until it has been officially denied

      lownabester - 2012-08-04 00:54

      hahahaha So right.

  • lala.kunene - 2012-08-04 00:16

    Its better to wait for the out come. No matter how much hallabaloo we can make, in the end, they will take a final decision ( Blanket nationalisation!!!!!)

  • Gerald Jordaan - 2012-08-04 03:03

    Zoomster has sh*t for brains !! Chameleon eyes puts his mouth in gear before engaging his pea brain !Go ahead you do*s and nationalize and see what happens to our economy !! Nyerere f*cked up Tanzania..So comrade Zoomster you dumb sh*t go ahead and do the same for SA !!

  • ian.flack2 - 2012-08-04 06:59

    1. "The ANC has rejected blanket nationalisation" 2. "The emerging view was that the state should play an increased role in selected minerals" 3. "Such involvement could take the form of part ownership or full ownership of mines" Now, there's contradictions if ever there was............

  • cordeliah.lethabo - 2012-08-04 07:13

    What about us? The youth of SA where will we work? I mean it is obvious that the investors will walk away n our economy will fall rapidly n yet you talk about nationalisation.....jeez

  • douglas.reid.921 - 2012-08-04 07:14

    When the first nationalization happens the rest of the world will take it as a sign and act accordingly. Result will be our currency going to pot like Zim. Problem is it will be irreverseable. We can tax the mines more and get away with it, but nationalize at our peril.

  • Pieter Baartman - 2012-08-04 07:26

    The brainless Malema's legacy has proven to matter although he was fired from the ANC. The masses don't even know what nationalise means because the ANC will make sure that they stay uneducated by not supplying school books and fill teachers' posts etc. We all know where the spoils of money is going to. Definitely not to the uneducated masses.

  • mikenortje - 2012-08-04 08:05

    SA is open to investors ..... but the rules for investing will only be decided in December ...... WTF!!!! ..... yeah I can see the investors breaking down the door to invest in SA. I cannot believe the stupidity of our leaders, seriously embarrassing

  • Bless Boswell - 2012-08-04 08:15

    If the country's finances were healthy and in the hands of trustworthy people, we would not need to be concerned about nationalization, because the government would not need to be scratching around for more ways to satisfy the growing crowd at the trough. If government officials went about their duties with a sense of honor and appreciation for having a job and being able to serve their country - instead of the sense of entitlement and "I want" attitude, then also, nationalization would not be on everyone's lips. If the mismanagement at Aurora is anything to go by, Khulubuse and Mandela have done us all a huge favor and shown us what their idea of nationalization is all about - and too what big daddy Zuma has done about it. Sies Zuma - your complicity is disgusting.

  • conrad.buitendacht - 2012-08-04 08:19

    typical of this people. they pretend like they're nice while they stab you in the back. never trust anybody in africa

      Michael - 2012-08-04 08:31

      Never trust anybody in Africa, be specific with just 1 example of back stab.

      gladstone.dyonase - 2012-08-04 09:25

      Conrad do the right thing if you trust nobody here in My Land, just leave it's not yours anyway!

  • malusi.shumane.7 - 2012-08-04 08:20

    My view is our government should find solutions that are not detrimental to our economy. What I know for a fact is even if that \Blanket Nationalisation\ were to take place, only a selected few would benefit, those politically connecte and the poor would remain poorer and grants collapsing which the source of income for most poor majority. Whites must also come to the party though. It is true they are controlling our economy and seem reluctant to co-owm it with the majority. Life is not juicy for ordinary South Africans now, how much when our currency is weak because of Malemas who want to be CEOs over night?

      CORNHOLIO - 2012-08-04 10:24

      malusi it may surprise you but when the board of de beers & anglo american meet in london & new york they dont phone me or anyone else for their opinion. these whites are not citizens of this country and will never even visit it. they are totally unaffected by anything that happens here (or anywhere really) with respect ,how do you suggest i influence them?

  • lizelle.grobbelaarvanzyl - 2012-08-04 09:08

    Nationalisation will South Africa into another poor country, starving. While the powers that be live in absolute luxury!

  • jabulani.ngwenya.90 - 2012-08-04 09:27

    BEST DECISION BY THE PRESIDENT. START YOUR ADVENTURES TO ADD ON TO ALREADY ESTABLISH ONES, THAT IS GROWTH, NOT GRABBING, THE MUGABE STYLE THAT HAS FAILED SOUTHERN AFRICA HORRIBLY.

  • Lennon Chenga - 2012-08-04 09:55

    Whilst we continue speaking about the wealth being in the minorities' hands, a few of our brothers and sisters are enriching themselves through corrupt means. We need to put a stop to that first, perfect our policies, put passionate qualified people in positions that determine our well being and then talk about spreading wealth. Chances are, we'll probably create our own wealth with the right people doing their jobs.

  • bongani.nsele.58 - 2012-08-04 11:22

    nationalize that is how the world works.....only fools think and talk of so called free market, if the government is not strong the other government will emerge strong and ugly in the form of ruthless corporates who toy with populations and answer to no one

  • jacqui.daanevanrensburg - 2012-08-04 11:37

    Yeah! but what they are clear about today do not mention what they may be clear about tomorrow, as for the day after that, who knows.

  • rob.bayliss.94 - 2012-08-04 12:16

    BULLSH*T alert: WHat exactly is 'blanket nationalisation'? Sounds to me like weasel words for we will nationalise until we stop, how else can we get rich quick?

  • sarel.brits - 2012-08-04 12:46

    Eish ! This Zuma yo yoooo this man he is to cleva... Blanket nationalisation! What are the comrades going to do next? Nationalise the White peoples duvets and pillows!! that will keep them awake Aaaa~maaaant~lank

  • john.loveland.9 - 2012-08-04 13:07

    "The emerging view was that the state should play an increased role in selected minerals considered strategic" .... "There is also a proposal for a tax on windfall profits on mining,"..... "He assured the gathering that South Africa was open and ready to do business with foreign investors" .... Really?????

  • NigelJamesTurner - 2012-08-04 15:27

    Why would you want to nationalise blankets, anyway?

  • shaun.abbey - 2012-08-05 03:18

    What drivel!Such prevarication will not encourage much needed investment in our country. Talk about running with the hares and hunting with the hounds!

  • EmperorNemisis - 2012-08-05 07:39

    The state should play a significant role in culling village idiots like Zuma and his ANC supporters, I can just see that having a positive influence on the value of the Rand and the economy as a whole!

  • ryan.cotterell.9 - 2012-08-09 19:01

    Who will be the next ANC leader?? You can vote here: www.faceof.it !!!!!

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