News24

Ministers 'jumped gun' on nationalisation

2012-02-08 18:15

Johannesburg - Minister in the Presidency Trevor Manuel and Mineral Resources Minister Susan Shabangu "jumped the gun" by commenting on the nationalisation of South Africa's mines, the SA Students' Congress (Sasco) said on Wednesday.

"Ministers Shabangu and Trevor Manuel must be reminded once more that they are not the final arbiter on the discussion on nationalisation of the mines," it said in a statement.

"These ministers have consistently arrogated themselves as security guards at the gates of white monopoly capital and neo-liberalism."

It said the ministers were wrong to comment on an issue about which the African National Congress had not yet taken a decision.

"We found it offensive that whereas ANC structures and [the] mass democratic movement in general are yet to engage... on nationalisation, Shabangu and Manuel have already jumped the gun to propagate for the so-called 'resource nationalism'," it said.

At the mining indaba in Cape Town on Tuesday, Shabangu said the ANC would not nationalise mines as it was not viable for the country.

"I welcome the fact that the report of the ANC's task team on nationalisation has reinforced the [ANC's] earlier decisions that nationalisation is not a viable policy for South Africa," she said.

At the indaba last year, Shabangu said nationalisation would occur only "over her dead body".

On Monday, Manuel expressed his agreement with Shabangu.

"The minister was pretty forthright in saying that there will be nationalisation over her dead body. Now you couldn't ask for a clearer statement than that," he said.

"The mining sector is so fundamentally important as a platform to construct the [upliftment] transition that we can't be able to take this idea of nationalisation forward."

On Monday, ANC secretary general Gwede Mantashe called on investors not to issue threats and resort to blackmail when they took part in the nationalisation debate.

He confirmed that a draft policy document proposed the party's stance on nationalisation.

"This is a research report, not a sub-committee report. People want a pronouncement on it, but we are still currently studying it," Mantashe said.

"The public must be patient on the matter. We need the participation of everyone to comment on it... we need to consider a wide-range of society."

The document reportedly found that government needed to raise R1 trillion to buy out listed mining companies.

The mining indaba attracted about 7 000 delegates from more than 100 countries.

According to its website, the purpose of the expo was to build and maintain business relationships to sustain investment interests in African mining.

It concludes on Thursday.

Comments
  • Larry - 2012-02-08 18:27

    WHat a shower of clowns. Sounds like Zimbabwe.

      Bokfan - 2012-02-08 18:57

      In Zim at least there was a very successful educational campaign that produced highly literate and useful members of society (mainly as refugees in Mzans). This crowd of boneheads probably couldnt scrape a 3rd class matric if you had a dozen writing each paper.

      Sean - 2012-02-08 19:20

      Who is Sasco?? Another arrogant group of imbeciles ! Bunch of IDIOTS !!

      Max - 2012-02-08 20:18

      It is time to nationalise government...the clowns had their time.

      Mike - 2012-02-08 20:45

      Believe it? Or not!!

      John - 2012-02-08 21:12

      ...Minister in the Presidency Trevor Manuel and Mineral Resources Minister Susan Shabangu "JUMPED THE GUN" by commenting on the nationalisation of South Africa's mines... And (Vs.) ..Build and maintain business relationships to SUSTAIN INVESTMENT interests in African mining... "The public must be PATIENT on the matter" A question to the audience: Does anyone tried to mix a orange juce with toothpaste and drink it ? Just be PATIENT

      Max - 2012-02-09 05:47

      @John, you have been seriously ripped off, go and ask for a refund on your school fees.

      Annelise - 2012-02-09 09:42

      If government or the "people" think they can run and manage a mine, then buy just one not all of them. See if you can manage. First get experience and then make decisions based on actual knowledge!

  • Aking - 2012-02-08 18:30

    Now tell us, what authority does the SA Student Council have to air their view? Are the trying to become the new ANCYL or something?

  • Pierre - 2012-02-08 18:31

    "These ministers have consistently arrogated themselves as security guards at the gates of white monopoly capital and neo-liberalism." Oh really, and how about investor confidence? No foreign investment = no economic security and no jobs. See how many cellphones and tv's you could buy at R50/$.

      TaniaSandraSteyn - 2012-02-08 18:36

      What a pleasure it was to listen to an intelligent, informed and sincere Minister. And before you ask, I have no shares in the Mining Industry.

      Jako - 2012-02-08 18:37

      well said, but its like explaining the difference between blue and red to a blind man

      Sharon - 2012-02-08 20:45

      If I had a lot of money, and wanted to invest it in a mine in SA, and they started to prattle on about nationalisation, I would tell them politely to get stuffed, and take my money somewhere else.

      Craig - 2012-02-09 12:03

      Shabangu, Zuma and Mandela owns mines, are they white? , and what of unemployments, steal the mines and you'll have nobody to run them which will increase unemployment even more.

  • glen.e.huysamer - 2012-02-08 18:42

    The ANC government wants to buy out all the listed companies, with tax payers money. What a song and dance, one trillion rand for mines that will one day become just a hole in the ground. Let the private sector mine the ground, and let them keep paying the taxes and rather use the Trillion Rand to Nationalize the telecommunications industry and provide free internet and telephones to all South African citizens, to every home and school and South African business. This will do more good than having the ANC fat cats rape the mines until they get stuck in their Ferrari's without paying the workers. The Students Congress what a joke, they should try working a day in the mines before spitting stupidity, from the ANCYL to Stupid Student Congress these youngsters must first learn to work before attempting to produce policy and thinking they have the future vision for South Africa. We are getting sick of these militant know-it-alls who have never done a days work in a mine who think they know-it-all. Taxes on the mines are contributing to our economy and like Australia has done we should rather look into how better to tweak this flow of revenue. Other mining countries would just love to see South Africa try and Nationalize the mines it will mean better business for them in the short term and the long term. Listed companies will sell out high and then wait a decade and then come back when the industry is on the bones of it's ass and then buy back in on a low budget price.

      David - 2012-02-08 19:22

      The largest majority of South Africans by far, cannot with any certainty know where there next meal will come from. The expectation of the hungry see as far as the next meal. The corrupt politicians and corporate conglomerates see wealth above human suffering. The unfortunate outcome probably will be that all South Africans will join rank of the have not's.

  • Faith - 2012-02-08 18:51

    SASCO should be ashamed... Ministers know that this current elite has ulterior motives with nationalising, get the facts straight before you jump the gun SASCO!

      Aking - 2012-02-08 18:54

      True that Faith! I think they are jumping the gun without knowing any facts at this stage. When ever was SASCO involved in any discussions or research regarding nationalisation? What do they know of the topic in anycase? Are they trying to score some points, with Juju currently out of the picture?

  • Arthur - 2012-02-08 18:51

    Because, wet-behind-the-ears students, who probably haven't done a day's work ever, these are intelligent people who see the damage being done by you lot and that other Malema lot and are doing what is right. So go back to your studies and when you are big and have a contribution to make, then please come back and engage, intelligently!

      Tumelo Aphane Mcman - 2012-02-08 20:47

      Ur comment are so out of order and baseless..._ called them student nt u query they work experince...don't apply double standard cz the ppl who are raising this issue are the future of this country and u should b pround of them bcoz they are questioning the way goverment is conducting it self...when I say goverment I mean those two minister are two ppl who are supposed to shape ur kids future nt destroy it...

      Scouter - 2012-02-08 22:18

      Tumelo, your apparent inability to articulate in comprehensible written language speaks volumes about your cause.

      Jacqui - 2012-02-09 11:06

      Tumelo, if these are the future leaders of this country. So help us. You my friend, can't even write, how would you lead?.

      Shanelle - 2012-02-09 11:16

      @Tumelo --EISHHH!!!*hides face*

  • colin.dovey - 2012-02-08 18:55

    TOTAL confusion at every level - what an embarassing excuse for a "Government" - now totally out of touch with the people

  • Lephutsi - 2012-02-08 18:56

    Are these comfused? They are failing to stop the decline of education in SA which is happening under their noses but they have the audacity to criticise the government ministers. What a shame?

  • Errol - 2012-02-08 19:00

    To Sasco:- Go study,get a degree in mining/engineering;run a mine;finance a mine;look for investors for your mine;sell the product of your mine!Then when you know what you are talking about,make some calculated proactive,progressive,realistic comments.Right now it all POOOOOOO coming out of your mouths......

  • Tumelo Aphane Mcman - 2012-02-08 19:02

    The ministers not only did they jump the Gun but thay have made premuture pronouncement,they have also giving the parasite investment false ideas. ONly the ANC after the POlicy Conference can make such public announcement about the Nationalization of mine.

      Ben - 2012-02-08 19:18

      Now we must remember that these two people whom you critisize have more brains and experience than many decision-makers put together. What should the students do? Listen, look and learn.

      Tumelo Aphane Mcman - 2012-02-08 21:38

      I understand ur point bt experince mean experince and it can also expire with time...some1 with 1980 experience cannot be compare with the current generation...their IT seevy and eceomic knowledge is outdated...the two minister have done their part and we appreciate it and is time for generation mix...when are they gonna retire...they have pass they sell by date...mxn

      Sharon - 2012-02-08 22:11

      Or like my husband says: "You can't put an old head on young shoulders" - Tumelo, you have the arrogance of youth. Trevor Manuel has incredible experience and he understands economics. I would take advice from him any day of the week.

  • Cracker - 2012-02-08 19:09

    Nationalization means control of the economy by civil servants and politicians. As if they can do a better job. What is so difficult to understand?

  • Marion - 2012-02-08 19:12

    The education system in this country reminds me of a pc. Garbage in (primary and secondary education) garbage out (tertiary education and beyond).

  • Moses Thulani Mike - 2012-02-08 19:13

    empty vessels make the most noise...

  • Danny - 2012-02-08 19:16

    Why don't they spend their time more productively like, for instance, putting pressure on the government to sort the failed educational system out. Whinging 35 year olds...

  • Nkosinathi - 2012-02-08 19:48

    Before you go into any business it is imperative that you do market research. What is the market for commodities? Who controls the global commodities market on which SA trades its minerals? What is the opinion of the market towards nationalisation? The "what" is your NYSE, LSE, ASX, Chinese stock excghanges etc. The bulk of SA mineral output is not consumed locally, by and large South Africans just stick a gold tooth or two in the mouth. I do not see Goldfields turning a profit from the gold tooth industry. THE MONEY COMES FROM THE GLOBAL MARKETS! "Who controls?". Its private corporates whose equity is held by mega rich individuals and trusts who actually run the world because they pick up the bill when the US, UK, French, Russian and anyother significant world leader gets elected. MONEY IS POWER! Ask JZ and the Guptas! It goes without saying that these vested global interests and powers take a very dim view towards nationalisation anywhere on the planet. Should nationalisation succeed in SA, they naturally fear that their own lackeys might wake up and try to import or impose it on their own economies. Right after nationalisation, the international media (which they own) with minimum difficulty will paint a poor human rights, crime picture etc of SA. Sanctions will swiftly follow and the economy will collapse. SASCO need to nationalise the markets before our economy. In the meantime just go do your homework and leave the economy to adults.

      andrew.arnesen - 2012-02-08 20:40

      I've always said that the gold price should be quoted in Rands... Can't understand why we have to absorb the fluctuations in the Dollar... Let us try to find out what the local ownership share is, who owns it and what their interests are? Then we can point fingers...

  • Cracker - 2012-02-08 20:00

    And of course the politicians and civil servants who run the nationalized assets will be paid HUGE salaries and perks. It will of course include the current trade union leaders. There is absolutely no way they can be left out of the process. Or what is being overlooked here?

  • andrew.arnesen - 2012-02-08 20:04

    By 'blackmail' read threats of dis-investment... Where or how is the State going to raise the cash to purchase the mines? And the foreign interests (read big profiteers) are certainly not going to invest more money with the threats currently in the air... Does the ANCYL think they have sufficient power to change things at a national level (at present)? If they succeed in nationalisation, all that will happen is another few hundred thousand people sit without bread and a few hundred get rich... Let's address the iniquities of mining without throwing the baby out with the bath-water??

  • Brian - 2012-02-08 20:06

    South African Students Council- when will they have the understanding to realise what nationalisation means. It has failed everywhere, same with communism

  • Marius - 2012-02-08 20:22

    "Afrikaans is wonderfully guttural allowing one to give expression to one’s loves and hates with equal gravity. No word describes the disillusionment many of us feel about our struggling democracy better than the epithet – gatvol! We are gatvol with Julius Malema; we are gatvol with the ANC; we are gatvol with the SACP and COSATU. Most of all, we taxpayers are gatvol that our money buys luxury motor cars, fat cat salaries, lavish hotel accommodation, and expensive houses. Yet only 7 out of 237 municipalities received clear audits!" Rhoda Kadalie

  • George Mouton - 2012-02-08 20:26

    Just shows you the lack of discipline and respect the youth has for the leaders and elderly in South Africa, they should not be allowed to join in grownup talk!!

  • Scouter - 2012-02-08 21:02

    Sasco are just a bunch of trendy lefty, junior psuedo-intellectuals who have all the answers but none of the solutions.

  • Shaylene Stenger - 2012-02-08 21:42

    Okay our goverment can't even run our goverment hospitals and municipalities properly, now they thinking of nationalizing mines? SMH....

      leijn.tissink - 2012-02-09 03:30

      Limpopo province is good example how the ANC government makes a mess of everything they manage. Nationalisation is just another revenue source to enrich the fat cat elite.

  • rcrawle - 2012-02-09 00:01

    "arrogated" - nice one, I actually had to look that up.

  • Juan - 2012-02-09 03:38

    "On Monday, ANC secretary general Gwede Mantashe called on investors not to issue threats and resort to blackmail when they took part in the nationalisation debate." Mr Mantashe, investors want to see the best possible return on their investments, it's as simple as that. They see their investments coming under threat, they would simply pull their money out of the country. THEY OWE YOU NOTHING

  • appietrader - 2012-02-09 10:13

    Mr Mantashe, are you threatening the investors? Very stupid thing to do! They don't NEED SA, we need them. They will just hold onto their money till you lot come begging to invest and they will buy for CHEAP, or walk away. Iran should be a lesson, the Chinese buys cheap oil, want to join the party?? Explain that to you voters.

  • maniespoelstra - 2012-02-09 10:48

    At least we have two who are willing to stick out their heads for rationality. Keep on jumping guns Susan!

  • Jacqui - 2012-02-09 11:03

    Ag, never mind. The students know best. Instead of studying they are playing politicians. Who cares?

  • Andrew - 2012-02-09 11:09

    What these youngsters should get to know is that SA is not the largest producer of gold, iron ore, diamond and many other mined products in the world. Therefore to nationalize these mines without recompense and increase production costs in order to pay higher wages and salaries will result in a collapse of these operations due to users sourcing elsewhere in the world. Most of the mining houses are owned by shareholders and as such shares can be bought by all who wish to do so,

  • Shirley - 2012-02-09 11:19

    Another bunch of meaningless comments from meaningless morons! Total waste of print space.

  • petrus.fortuin - 2012-07-06 07:29

    If we nationalise mines, Patrice Motshepe will be broke!

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