Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

'Nationalisation not our policy'

Feb 16 2010 14:57

Related Articles

Zuma silent on nationalisation

Zuma to announce policy shift

State mines 'not unique'

The why, how of nationalisation

Mines minister 'has declared war'

State mines: 'Not on my watch'

 

Top Stories

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.

Interest rates unchanged

May 24 2012 15:29

The Reserve Bank will maintain current interest rates, says governor Gill Marcus.

Income inequality divides SA - survey

May 23 2012 22:00

Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.

 
Share Share line Print

Parliament - Nationalisation is not government policy, President Jacob Zuma said on Tuesday.

Responding to points raised during debate on his state of the nation address, Zuma said: "We reiterate that nationalisation is not government policy.

"We have noted that political formations, including the ruling party's Youth League, have decided to debate the matter.

"This is a democratic society and as government, we cannot stop political formations from deciding to open a debate on this topic or any other."

Veering from his prepared speech, Zuma said it had been past governments, not his, that had banned "certain political discussions".

"What members should do in an open democratic society, if the president of the youth league Julius Malema raises the issue of nationalisation, they must raise their counter-argument to him if they want to debate it.

"Instead of saying to government 'stop him, make him keep quiet'.

"This [is] democracy, he has views, the ANC Youth League has views. ANC Youth League has always had views.

"Debate the views of Malema, and don't confuse a debate raised to policy of government. Don't... when you're staying in South Africa... say is this your policy, when you know, when we have articulated it many times.

"We have processes in the ANC of how we formulate policy. It's a long process leading up to a national policy conference. That's the process we go through as a democratic organisation, and there is no other organisation that does so, except the ANC.

"So on matters of policy... the ANC is very clear, and those who are in the ANC recently know the process I am talking about. They have been party to it," Zuma said.

- Sapa

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

Items with an underlying monetary nature Utility, scarcity and exchangeability are the three basic attributes of an economic item which, in combination, give it economic value. All economic items are exchangeable and money is generally the generally accepted medium of exchange. All economic items t... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...