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Motsepe may back nationalisation

Dec 08 2009 21:39

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Johannesburg - Businessperson Patrice Motsepe would back nationalising the country's mines if it was in the country's best interests, SABC radio reported on Tuesday.

"My belief has always been, if nationalisation is what is in the best interests of South Africa, I'll support it, whether it's nationalisation, or whether it's socialism -- if the policies are what will improve, uplift and create a better lifestyle, better living conditions..." the billionaire and exective chairperson of African Rainbow Minerals said at a handover of a rural upliftment project in Limpopo.

ANCYL leader Julius Malema recently made the call for mines to be put in the state's hands, raising the ire of opposition parties and organised business.

- Sapa

 
 
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