Fin24

ANCYL scouts for firms to nationalise

2012-08-27 16:25

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.

* Follow Fin24 on Facebook, Twitter and Google+.



 

Comments
  • charlesdumbwin.dumbwin - 2012-08-27 16:39

    How about they start with Chicken Licken. Oh wait, that's already a parastatal.

      squeegee.pilot - 2012-08-27 16:46

      How about the Blood Bank?

      robin.webb.754 - 2012-08-27 16:54

      Haha - you guys should try www.ukuduma.com - it's some sort of networking/dating site but it has a dedicated debating section too

      james.m.wood.773 - 2012-08-28 17:57

      having read most comments on this article it surprises me that people haven't picked up on the most important factor. Once they have nationalised wich ever entity they choose to, even if things go south they will then have access to tax payers money to "bail" it out. either way we loose.

      claudia.meads - 2012-08-28 20:40

      On a point of order.., "...only sector that has never appeared before the truth and reconciliation commission..." The current president of SA also did NOT appear in front of the TRC - he refused. Sort of balance things out if you ask me. Lamola is a charlatan looking for free-press. Just ignore him - it is his greatest fear.

      Ian - 2012-08-28 22:30

      the ratio of delivery in the pvt sector is a total embarrassment to those in the political one. pay them what they are worth and then feed them on the street corner because tha tis all they a capable of

      AlQuestioningLife - 2012-08-29 08:59

      How about the Taxi Industry - then they can pay drivers a living wage and by doing that they would employee a better driver with a modern world class and roadworthy Taxi.

  • DougiCourt - 2012-08-27 16:40

    Looks like they forgot about SABMiller. No surprise that those targeted for nationalization are the biggest and most profitable... Does the ANCYL even know the ramifications of nationalizing a listed company?

      nrgx.nrg - 2012-08-27 16:53

      they have no hope in challenging those companies. Top businessman vs the village idiots. Who is your money on?

      tin.can.501598 - 2012-08-28 21:18

      Question: Have you heard about the KFC new ANCYL Value Meal? Answer: Order anything you like and the guy behind you has to pay for it.

      denise.herbst.5 - 2012-09-27 13:04

      Lolol tin.can I am going to steal that!! Excellent!

  • rowan.maulson - 2012-08-27 16:45

    Wahahaha... You go little men, the NEC of the ANC are full of power hungry money grabbing criminals, but even they're not stupid enough to try and nationalise those companies.

  • ben.louw.5 - 2012-08-27 16:46

    Herp so hard, they derp.

  • braamc - 2012-08-27 16:47

    What about asking your witch doctor for a brain first

  • alfred.neumann.142 - 2012-08-27 16:48

    Well that must be nice. Walking around town looking for companies to add to your shopping cart that you don't have to pay for. Get real Yoof Leegah's. Hows about you read a book, go to school, jump off a bridge, I don't know just do something constructive.

  • merkwaardig.obskuur - 2012-08-27 16:49

    What about scouting at uranium enrichment plants ... for long enough...

  • EricksonTL - 2012-08-27 16:51

    Lol. Eh. I wunt your kumpahnee. Give eet to mee. Do these retards realise how ownership works? Go back to school youth league, and do something useful with your lives for a change.

      tin.can.501598 - 2012-08-28 21:32

      The ANCYL are asking us to give Malema more time. Don’t you think 25-to-life would be a good start.

      EricksonTL - 2012-08-29 03:32

      Maybe they meant another Breitling? Us ordinary working folk can't afford that sort of thing though. Only fat, rich piggies with their snoout firmly in the trough can...

  • merkwaardig.obskuur - 2012-08-27 16:53

    "Nobody is going to stand before this moving tree of economic freedom fighters" -- Julius Malema, June 2011 (http://mg.co.za/article/2011-06-19-malema-calls-for-radical-policy-shift)

  • rick.kabose - 2012-08-27 16:53

    How about they nationalise chancellor house 1st then worry about the rest?

  • thethird.wors - 2012-08-27 16:53

    retards

  • shirley.steenkamp - 2012-08-27 16:58

    I wasnt aware ancyl was running the country,making decisions-is the anc going to remain silent on this,or do they really have not even 1 teeeeeny weeeeeeeeeeny b@!! between them???????? Ancyl are too lazy to work,greedy,violent,purposeless oxygen thieves!

      gordon.trevat - 2012-08-28 21:44

      @shirley, sadly I believe your description of lazyness is wrong. The leaders of the ANCYL are extremely focused on obtaining wealth, and the "work" they do is to incite others to get them organised and in power so that they can enrich themselves, and a few of their key supporters. Their motivation for wealth is greater than most. Combined with their desire for violence and chaos, they really should be considered as a serious threat to SA and civilized society. "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years." -- Alexis de Tocqueville

  • charles.kieser.1 - 2012-08-28 20:34

    Can you guys come and wash my car on Saturday.

      Klaus - 2012-08-29 05:28

      And have it liberated, stolen ?!

  • jacqui.c.baumgardt - 2012-08-28 20:50

    How about nationalising McDonalds?

  • tc.convulvulous - 2012-08-28 21:02

    The ANC and their Youth League are like a pack of plundering Hyenas! On the prowl to steal and scavange whatever other hardworking people have built up. And then there are supposed-to-be young, thinking students who support them. This country is doomed!

  • richard.lemmer1 - 2012-08-28 21:21

    They should national;ise his one braincell ! He has more than most others !

  • dieanderou - 2012-08-28 21:30

    weren't they privatized not to long ago?

  • eleanore.hill - 2012-08-28 22:08

    \You cannot reap what you did not sow\ Fortunately (or unfortunately for them)that remains one of life and nature's hardest and unwavering lessons. You might be able to circumvent this lesson for a while but soon you will stand empty handed.

  • Ian - 2012-08-28 22:25

    An amazing fact that South African Breweries [SAB] delivers liquor successfully to over 800,000 shebeens across SA weekly, but SA Government cannot deliver textbooks to 26,000 schools once a year.... If SAB and Government swap delivery methods, we can have a civilised, sober and educated country!!!

  • Paul - 2012-08-28 22:26

    WOW. A wakeup call to reading this article, and worse yet, the comments posted. I am sharply reminded of why I left SA and thankful that I did. Given the crazy ideas of the ANC/ANCYL and the racial intolerance that's clearly alive and well it is clear that there are going to be no winners. Sad thing is they are going to nationalise ultimately and no measure of anguished and angry commentary is going to stop that. All your racially polarised comments are just added justification for their cause.

  • Ian - 2012-08-28 22:28

    so to all those ignorant and apathetic ANCYL members for those who don't know and those who don't care GO FIND A JOB YOU LOADS OF YOBS

  • tony.pope.5205 - 2012-08-28 22:39

    I'm registering a new political party called Meritocracy. People will only be appointed on the basis of MERIT. Does this make any sense?

  • shamiel.mathews - 2012-08-28 22:57

    I am for nationalisation yes... start by nationalising the taxi indutry. every year this industry kills thousands of people and cost tax payers billions.

  • pjsawers - 2012-08-29 04:41

    I think we should nationalize the youth league!

  • deon.meiring - 2012-08-29 08:04

    How many members do this ANCYL have? 5000 or maybe 10000?

  • vyas.juggernath - 2012-08-29 08:15

    Why does the ANCYL not look at its own ministers that are "raping" the country of its wealth by becoming shareholders in companies and making millions whilst its own people suffer. The inequalities of SA should begin with the ANC looking at its own house before looking at industries.

  • Panafricanparliamrntraw - 2012-08-29 08:59

    These guys have lost it completely. they no longer know what to do, how to make money and take opportunities available to them. they still live in the dream of every one becoming wealthy at the shift of power. I think ANC need re-orientate its youth league and the people of how wealth can be made and individual self substance. the understanding that everything should come from the government and taken from the white should be esponged from their minds and replaced with work to earn attitude.

  • nicolaas.geldenhuys - 2012-08-29 09:03

    https://www.facebook.com/TheAncYouthLeagueIsAJoke

  • winifred.watson.9 - 2012-08-29 09:36

    Eish this bunch of ANCYL hooligans again. Should they be allowed to run around amok like this, surely they have no right at all. They are mostly the unemployed who are not contributing one cent to the up keep of this country. Yet they run around destroying property demanding this and demanding that yet they dont contribute anything. Why should be even take notice of them, just wasting precious oxygen. When is the ANC going to pull these hooligans and the followers into line. They are running around shouting their mouths off most times nothing intelligent comes out of their gobs. They are scaring off investors and setting a bad example for our Country. Surely todays youth can do better than this. The ANC is losing its grip daily, until they start to put down the foot and start pulling these guys into line they continue to sink lower and lower. A lot of their supporters are starting to wake up and distance themselves from the party. Starting ruling now set a few examples for things to come, yes you make lose a few votes, mostely these from these hooligans, but you will get more support from places you would not have expected. In war you win some you lose some. Wake up starting doing something before its too late.

  • pjmventer - 2012-08-29 11:11

    How do these quasi-politicians who has never managed anything but a riot think they can run businesses? The mismanagement of municipalities is a very good example of how stupid an idea it is for politocos to manage anything!

  • michael.a.collins.9659 - 2012-08-29 15:53

    None will be able to stop them, Nationalisation will happen in south africa, then famine, then war. I cannot give you a time line but mark what I say as fact. when the dictator eats your children remember that you got what you voted for.

  • kreesan - 2012-08-29 16:18

    I smell more BEE/tender fraud in the making here. Nationalisation is good when the money is being put to use for the people... not to buy JZ another plane(note: plane, not jet).

  • mark.schulz.796 - 2012-09-27 13:03

    In other news, all sane South Africans still resident in the country started scouting for countries to relocate to.

  • pages:
  • 1