Ramaphosa slates mine bosses

2011-08-08 07:32

Johannesburg - Business leaders must bear part of the blame for a call to nationalise South Africa's mines, according to National Planning Commission deputy chairperson Cyril Ramaphosa.

"The mining companies got together with the ministry and agreed on a transformation charter," Ramaphosa said in an address at the Gordon Institute of Business Science in Johannesburg.

"Nearly all of them have not lived up to that transformation agenda. They planted seeds of dissension for the future. It is only now that the mining industry is waking up and saying: 'Wow, maybe we should have done certain things to forestall this'," he was quoted as saying in the Business Report on Monday.

Calls for the government to seize mines, banks and land are being made by the ANC Youth League, saying South Africa's black majority still does not have an adequate stake in the country's economy.

The ANC agreed in November to an independent study of whether nationalisation is viable and to debate the findings of the study next year.

The nationalisation drive stemmed from "a measure of deep frustration by young people who are unemployed", Ramaphosa said.

"They see these big corporations raking in a lot of money, and they also see that these corporations are not transforming in the way that was agreed," he said.


  • Dominic - 2011-08-08 07:43

    Gosh! So Ramaphosa does want to be the next President. Shows just how powerful the ANCYL really is.

      motsokwane - 2011-08-08 10:45

      What is wrong with that? I want him to be the president too and will be the first one to vote for him.

  • Stufflé - 2011-08-08 07:55

    The beginning of the end......

  • Obama Bin Laden - 2011-08-08 07:59

    blame everybody but yourselves. very familiar

  • Thabo Matwabeng - 2011-08-08 08:04

    By the same token the ANC should carry part of the blame, if not all. We've had to live with ANC policies for the past 18 years, not to mention the mismanagement, irregular spend, fraud, corruption, etc that went along with it. The failure of the South African economic and social systems to transform society lies with the political context within which we had to operate. I can remember the hypothetical debates about how we could have been so much better off if all the money wasted on the homelands had been used on education. Well, we are at the same point. We could have been so much better off if all the money wasted on the Arms Deal, (the cars, the travel, the tender kickbacks, the golden handshakes. the wasted spend, the irregular spend, the SETAs, etc) could have been used for education, development, training. Yet eveyr time ANC policies fail the blame someone else. Land Resitution, BEE, EE, you name them. And then Eric Miyeni attacks the messenger when the corrupter is exposed. We've certainly come a long way since the days when we were all wide eyed stupid with optimism and thought the struggle was done for the benefit of the people, and not the benefit of the ANC WaBenzi Elite.

  • Ockert - 2011-08-08 08:04

    Cyril - how much do you really want for free, your call for more is only to empower yourself and the upper crust ANC members even further, you could not give a hoot about the squatter camp people etc. Why don't you put in a honest days work for what you want?

  • jmutisi - 2011-08-08 08:08

    Nationalisation the way forward. It worked in Cuba lets do it.

  • BigD - 2011-08-08 08:13

    Come on Cyril. Do you honestly believe that crap. Please expalin to me what do you do with the existing workers in positions where you want AA. Do they hire double management just to apease the policy. Seems abit daft. You also rake in huge money on the telkom vehicle tender you were given.

      bournevw - 2011-08-08 17:13

      And what happened to the 9 billion rand expropriated from the SASRIA Reserve fund under his chairmanship? Did that go to the upliftment of deserving individuals?

  • mario88 - 2011-08-08 08:17

    Ramaphosa. What is your point? You are the guilty one. People like you running economy and are enormously rich and forgoten about your brothers from working class where YOU are comming too. You have to admit that you are a useless ANC bunch who will go to history as a criminals not liberators....

  • cgtours - 2011-08-08 08:17

    Does ther ANC Youth League and Mr Ramaphosa only think it is the Black Majority that are unemployed! What about the other legitimate South Africans , YES SOUTH AFRICANS. THAT ARE ALSO UNEMPLOYED AND ALSO POOR AND ALSO SUFFERING AND THEN THEY ARE STILL DISCRMINATED AGAINST BECAUSE OF SKIN COLOUR? Where are the human rights for this South Africans? They do not own mines businesses etc- they also want to work- They do not destroy/burn down buildings, plunder tax money etc..

  • Appietrader - 2011-08-08 08:17

    Don't understand why the mine bosses get the blame. The obvious reasons for the unemployment is the militant unions and the wholesale stealing of government funds. Mr. Ramaphosa you are also a shareholder in mining companies and should know that these high wage and other demands by the unions cannot be sustained by the mining companies.Mass nationalisation of mining and banks will NOT resolve the unemployment, but will make it worse. Only a few cadres will steal themselves stinking rich and the rest will be worse off than now. Want to dot this exercise????

  • Streetdreams - 2011-08-08 08:27

    Thank you Ntate Ramaphosa, they criticise Nationalism but the dont provide better alternatives and way forward !!!

  • flummoxed - 2011-08-08 08:31

    Mr Ramaphosa is a very astude businessman - well suited to lead the Country with integrity, discipline and much needed responsibity.

      Johnny - 2011-08-08 15:29

      yes he got rich while the masses remained poor, very astute isn't he

  • Gerrit - 2011-08-08 08:48

    Cyril for President!!!

      siya.block - 2011-08-08 13:55

      Cyril need to avail himself for Presidency of the ANC, I think the time is now for him to lead us to economic freedom.

      Gerrit - 2011-08-08 17:02

      Just to clarify: I don't support the nationalization proposals or BEE that is unfair or corrupt. I simply agree with Mr.Ramaphosa that no significant economic transformation has happened yet and that big business is not doing enough to promote transformation, hence the frustration and the calls for nationalization that threatens the stability and welfare of our nation.

  • Andy - 2011-08-08 08:50

    It’s Time for all to wake up to the plight of the majority of South Africa's poor. Things cannot continue the way it is. Something has to give. We don’t need to have a couple of Trillion airs...While the rest of the population starves to death,. This problem will be the downfall of us all.

  • olivier62 - 2011-08-08 08:57

    hmmm Aurora comes to mind,great ad for "nationalisation",of course that's not considered non-delivery,as long as it was transformed who cares how long it lasted,how many jobs lost and the loss in revenue to the country!!

      Johnny - 2011-08-08 15:29

      dont forget pamodsi gold

  • umlaut - 2011-08-08 09:06

    They should see the big money that the anc gravy train corporation is raking in--it is time that the anc transform and come clean. Shame Ramaphosa and you are a businessman--keep the govt out of business and let them try to run the health services better for the millions of young people that will go hungry and starve and they will need medical care, because this Nat idea will fail again in SA also. Did you become rich because of your business skills or your connections to the anc.???????

  • zackie - 2011-08-08 09:07

    the youth see the their anc leaders becoming rich overnight using taxpayers money..the problem is the ANC without us taxpayers the ANC would cease to exist

  • gatvol4corru - 2011-08-08 09:07

    Yet,the Mandela & JZ cousins,left their mark and enriched themselves! Never mind the 5000 workers that lost everything in the process. Sadly,nothing is being done. I just wonder,what Cyril has done,besdides enriching himself?

  • Met - 2011-08-08 09:11

    I envisage the investors scrambling for the privelage of investing in SA. Last year, foreign direct investment(FDI) fell by 70% and currently it is only one sixth of what it was in 2008. This tell the true story of what investors think of SA.

  • Jedi knight - 2011-08-08 09:21

    Mr Ramaphosa, the very same argument can be levelled at the current and past adminisrations, under the ANC, in which so many promises have been made from employment education and health, but they also are "as you put it are raking in a lot of money" and this is being spent on wasteful endevours......

  • Pat Peter - 2011-08-08 10:02

    Thank you Cyril, I couldn't agree with you more

  • onthefence - 2011-08-08 10:14

    Those in glass houses..........

  • Fair Deal - 2011-08-08 10:30

    The only people that will benefit from the nationalisation of the mines will be the scrap metal dealers.

  • 50something - 2011-08-08 11:07

    a "... stake in the country's economy" is obtained through hard work, not hand-outs - which is what the ANCYL is advocating. I wish the SABC would set up an open debate about this, so that our ordinarry citizens can understand how nasionalisation will benefit the unemployed. how are you going to employ an additional 5 million people in this industry and make it viable? has Arora taught you nothing?

  • George van der Merwe - 2011-08-08 11:08

    If nationalisation will benefit ONE of the disgruntled, unemployed youth, I'm all for it. However, methinks that it will merely benefit the same guys who are already benefiting. Why? Because to date, I haven't seen them do much to change the lives of the disgruntled, unemployed youth... When will they change? Methinks never. The benefits for the "poor and unemployed" are a ruse by the Fat Cats to get more. And more.

      john - 2011-08-08 14:09

      Most of the farms seized in Zim went to Mugabe, his family, close friends and political allies. Exactly the same will happen with the mines here. "Transformation" is not going to help the "disgruntled, unemployed youth" because they wouldn't be the ones getting the top jobs in transformed mines anyway. What are you going to do, take a black informal settlement dweller without a Matric, let alone a degree, and make him head of HR? Give him a seat on the Board? The disgruntled, unemployed youth need to wake up and smell the coffee. Nobody - not the present mine owners, not Cyril, not Malema - is going to make them rich. Instead, Malema will make Malema rich. So let's stop discussing "transformation" and "nationalisation" like it is going to help the poorest. It won't. And never has. It will only help blacks who have a degree and are politically connected. That is an extremely small sector of the populace.

  • section - 2011-08-08 11:27

    Let us move away from personal attacks. the issue at hand is that the country is not transformed Economically hence these Cde's are even raising these isssues. We can not afford to continue to pretend that all is well. If you don't agree with Cde Julius or Cde Cyril please put your solution forward. The days of a Prince are over, we live in a democratic society where we must all benifit equelly. I'm a proud Ecomonic fighter for our people.

      Thandiwe83 - 2011-08-08 12:19 The article above explains why nationalization won't and cannot actually happen as most mining companies have bilateral trade agreements with SA and another country. In other words it would be kicked out in a court of law.

      Nasdaq7 - 2011-08-08 15:16

      The issue is to grow the cake. Any ideas?

  • Ang - 2011-08-08 11:47

    Nationalisation has not worked in one single country around the world!! Secondly, the ANC have not successfully run any entity, eg Municipalities, Eskom etc etc, so put these two together and tell me why anybody would think that this would work, economists worldwide have warned against nationaliisation as it sets a country back by 20 to 40 years, this is the last think this country needs, we need to look at growing the economy, not redistributing the economy!! You cannot take from one and give to 50, simple maths dictates this will not work!!!! The ANC are far too corrupt to be able to implement this successfully!!!!!

  • Vela Stardust - 2011-08-08 12:14

    Put simply, there are two reasons for the high unemployment figures. 1. The ANC does not know how to manage and grow an economy. 2. Corruption is depleting the state coffers.

  • Fikile - 2011-08-08 12:30

    Now is the pot calling the kettle black, excuse the cheap pun, BEE made Ramaphosa one of the richest men in the country, will he give it all back to the masses, Julius is only learning from the adults. Speak one thing and do another, comrade Cyril is a very good capitalist from his socialist upbringing, shame on you guys

  • I_Say - 2011-08-08 13:03

    I AGREE 100%. Ive heard so many interviews about transformation and the most commonly used term is "improving". This are "improving" at a snails pace But nothing has really changed. Its time for a radical change!!

      punanny - 2011-08-09 08:50

      YES!!! Great idea like Zimbabwe!

      DQYDJ - 2011-08-15 10:37

      I_Say, it is improving slowly simply because of the 'snails pace' at which africans with any form of competance are becoming available...

  • Nasdaq7 - 2011-08-08 13:59

    Don't expect patriotism etc. from these people. Legislate. The government can't expect charity from business people and big companies. They are in competition with each other. Make it law to spend such as such amounts, % of profits, on cleaning up the environment, supporting the communities with supermarkets, schools, roads, farming, whatever etc. Make it law. Don't expect charity and don't try and grab and run businesses in which you have 0 experience. The business people working in these corporations spend their entire lives in mining. They have experience doing mining all over the world. Don't think you are going to do better. For that, you need a lifetime of running and investing in mines. Even if you get experts in to run the mines, you can't take the profits out of the mines, because mines need investment to keep growing. The profits need to be spent back in the mines for the mines to grow.

  • zame - 2011-08-08 14:21

    Cyril has hit the nail on the head. Mining in South Africa continues to be the vehicle for the exploitation of the country's resources without adding real sustainable value. We export raw materials only to end up importing the same in manufactured goods at a higher price. This will forever be lopsided as long as there is no local empowerment and beneficiation.

      Dan Grey - 2011-08-08 18:34

      @Zame We export raw materials and import finished goods for one reason only. Our labour force is to unproductive and expensive to compete with the rest of the world.

      DQYDJ - 2011-08-15 10:34

      i hope that is your sense of humour zane...

  • Johnny - 2011-08-08 15:26

    you cant argue with an idiot supported by other idiots, many economists have stated that nationlisation will let economic growth shrink causing more job losses, and more poverty, hence causing mass unhappiness and ultimately infighting to the point that it could lead to civil unrest. need i say more

  • rimmoah - 2011-08-08 15:42

    the deep frustration at being unemployed is a direct result of the anc's failed economic policies and failure to deliver quality education to the convenient it is to pass the buck and blame business and whites in order to cover their inefficiences

  • bryan hurd - 2011-08-08 16:43

    "THEY" have certainly lived up to transformation for him..BIG TIME..I wonder if he mentioned his views when her worked for the Oppenheimer's??

  • benny - 2011-08-08 21:01

    Get rid of Unions,who have become a menace to society and maybe we will get a work force who really want to work.

  • benny - 2011-08-08 21:04

    What did Cyril Ramadonalds just say.........

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