ANCYL slams Mboweni’s new appointment

2010-02-25 09:28

Former SA Reserve Bank governor Tito Mboweni’s appointment as

AngloGold Ashanti’s new chairman was a reward for having protected the interests

of “male white capital“, the ANC Youth League said today.

“Tito Mboweni’s appointment into a mining corporation is not at all

surprising and reflects the reactionary, nonsensical and backward views he

expressed when he was the mis-Governor of the South African Reserve Bank that

Mines will not be nationalised in South Africa,” it said in a statement.

“There is no doubt that Tito Mboweni was speaking the views of

white capitalists, like those who did in the recent past, which controls the

South African economy... particularly the extraction, processing and trade of


ANCYL pushes on with call for nationalisation

Mboweni’s appointment, or any other “diversions would not deter the

ANC Youth League from forging forward with the nationalisation of mines“, it


“The nationalisation of mines is the key towards decisive and

radical economic transformation which will benefit all South Africans,

particularly the working class and the poor.

“That is why the national general council in September 2010 and the

national conference of the ANC in December 2012 will resolve on the

nationalisation of mines.” it said.

Mboweni’s appointment takes effect from June 1, 2010. He succeeds

Russell Edey.

He has also been appointed as the chairman of packaging group,

Nampak. He succeeds outgoing chairman Trevor Evans.

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