Loading...
See More

ANC: We don't oppose nationalisation

Aug 05 2011 22:05 Sapa

Related Articles

Shabangu: Nationalisation talk bad for SA

Gigaba: We're aware of mines grab harm

Cosatu's nationalisation stance welcomed

Nzimande: Nationalisation won't aid poor

Business to take on Malema

Godsell: How to curb the youth’s anger

 
Johannesburg - The ANC has no policy on nationalisation of the mines, spokesperson Keith Khoza said on Friday.

"The ANC has no policy on nationalisation. The NGC has called for investigation to be conducted in preparation for the policy conference next year. It is the policy conference that will pronounce on the matter, until then there is no policy position on the matter," Khosa said.

"It is misleading to say the ANC has agreed to nationalisation of the mines... it is not a foregone conclusion that there will be nationalisation but we are not opposed to nationalisation.

"We are saying it must be looked at as an option and if it is looked at as an option, we must see what is the best practice."

He said the terms of reference of the task team was clear, to look at applicability and best practice.

Khosa was responding to questions over comments made by Cosatu economist Chris Malekane at a debate on the contentious economic policy on Thursday.

Viability

Malekane said the task team established by the ANC to examine nationalisation was not looking at the feasibility of the policy, but was exploring the most appropriate model to implement.

"If you say business needs certainty to make investments... this is the certainty you need to have, that what is being discussed now is models," Malekane said.

Last year, the ANC's national general council (NGC) directed its national executive committee to form a task team to explore the viability of nationalisation and the state playing a greater role in key sectors of the economy.

Khoza said people should not speak on behalf of the ANC.

The NGC resolution on the ANC's website reads: "The NGC reaffirms the ANC's approach that the transformation of the South African economy should always be holistic and comprehensive, covering all sectors of the economy. In this regard, the ANC should ensure greater state involvement and control of strategic sectors of the economy,

"There was greater consensus in the commission on the nationalisation of mines and other strategic sectors of the economy. The NGC therefore mandated the NEC to ensure further work be done, including research, study tours and discussions, and to report to the policy conference for decision at (the) national conference in 2012."
nationalisation  |  anc
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
156 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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