Cape Town - Pick n Pay Stores [JSE:PIK] founder Raymond
Ackerman says he is opposed to nationalisation as the government's role was not
to run companies.
"I don't believe even the government wants
nationalisation," Ackerman said on Thursday when interviewed by CNBC.
He said that SA had plenty of opportunity, that it had a
strong constitution and would not go the way of Zimbabwe.
"We have a wonderful constitution that would protect us
from the likes of the ANC Youth League (ANCYL)," he said.
The ANCYL has been calling for nationalisation of the mining
and banking sectors.
Government ministers, including Mining Minister Susan
Shabangu and Public Enterprises Mminister Malusi Gigaba, have recently come out
in opposition to nationalisation.