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ANCYL scouts for firms to nationalise

Aug 27 2012 16:25 Sapa

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Johannesburg - The ANC Youth League (ANCYL) will start identifying what strategic sectors of South Africa should be nationalised, deputy president Ronald Lamola said on Monday.

"The NEC (national executive committee)... has begun internal deliberations to take forward the resolution for strategic nationalisation and will be making submissions to the ANC," Lamola told reporters in Johannesburg.

"The mineral wealth to be nationalised should be based on the economic importance of the mineral or sector concerned."

This was a resolution taken at the ANCYL's national executive committee meeting on August 17 and 18.

Lamola said the ANCYL would propose that Sasol [JSE:SOL], Kumba Iron Ore [JSE:KIO] and Arcelor Mittal [JSE:ACL] be among the companies to be nationalised. The league was looking for others to add to the list.

"We are now scouting," he said.

Minerals such as iron, platinum, vanadium, manganese and zinc should also be added to the list. Lamola said this was in line with resolutions made at the African National Congress' policy conference held in June.

At the meeting ANC national executive committee member Enoch Godongwana said the party had decided not to pursue nationalisation of mines, but added there was consensus that there should be greater state intervention.

Lamola said the ANCYL was calling for Section 25 of the constitution to be amended to enable the strategic nationalisation of mines and expropriation of land without compensation.

"We also call for the establishment of an expropriation commission that will be able to expropriate in the public interest and for public purpose and remove this task from the untransformed court of South Africa," he said.

The league believed amending Section 25 was the only way to eradicate inequalities in the country.

At the ANC's policy conference Agriculture, Minister Tina Joemat-Pettersson said expropriation without compensation would happen only with land that had been acquired illegally.

She said the expropriation policy South Africa had at the moment was unconstitutional and needed to be brought in line with the legislation.

"We do not need to change the constitution for this," Joemat-Pettersson said.

The conference had not set any goals for expropriation, but would rather wait for a land audit to be completed at the end of the year, she said.

Lamola criticised private companies, saying they continued to be unpatriotic and dismissive of the people.

"Corporate South Africa remains the only sector that has never appeared before the truth and reconciliation commission for their own atrocities committed against the people of this country during apartheid. There shall never be any recrimination for their actions."

Lamola said an "economic Codesa" was needed. He was referring to the Convention for a Democratic SA, talks held in the early 1990s to help bring about the end of apartheid.

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arcelor mittal  |  kumba  |  sasol  |  nationalisation
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