Mines debate splits black investors

2010-02-07 11:07

THE debate over the nationalisation of mines is dividing black

entrepreneurs in the mining sector.

Many of the black investors we spoke to opted not to comment or

spoke to us on condition of anonymity for fear of a backlash against their

businesses and lack of clarity about the proposal.

The owner of a junior coal mining concern said nationalisation

would be good if it benefited the country economically in the long term.

“When this debate started black miners who had benefited from BEE

deals were targeted,” he said. “I don’t think the debate about nationalisation

should be raised just to target a few ­individuals.

“There is a need for wider consultations with big and small mining

houses before a decision can be taken.

“Junior miners need to have a say on this matter and we have to

know what nationalisation would mean to us before we could give our


Those who spoke were careful not to take sides.

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