Loading...
See More

No nationalisation, insists Shabangu

Feb 05 2013 10:50 Sapa

Mineral Resources Minister Susan Shabangu. (Beeld)

Related Articles

No plans for unsustainable mines - ANC

ANC: Nationalisation 'off the table'

ANC rejects nationalisation

ANCYL plots nationalisation strategy

Sarb nationalisation rejected

Nationalise Amplats mines - Amcu

 

Cape Town - Mineral development cannot happen unless capital is invested by the private sector, Mineral Resources Minister Susan Shabangu said on Tuesday.

Speaking at the Mining Indaba 2013, she again gave the assurance that nationalisation of mines was neither the policy of the African National Congress, nor that of government.

"The ANC's elective conference of December 2012 also re-confirmed that: nationalisation is not an option for our country," she said.

The ANC resolution in this regard should bring certainty to our mining industry.

"In this regard, I appeal to you not to try to resuscitate this debate in different forms and guises, which may invariably be marred by differently unhelpful interpretations.

"I would like to affirm that our government is fully conscious of the reality that mineral development cannot happen unless capital is invested by the private sector. There is room for both private and public returns, indeed these are interdependent," Shabangu said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anc  |  mining indaba  |  mining  |  nationalisation
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
15 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.
 
 

Goalkeeper saves five penalties with his FACE!

Nothing, and we mean nothing, will keep goalkeeper Scott Stirling from stopping the ball!

 
 

Men24.com

Hottie of the day: Jesselyn
This invention makes farts smell like chocolate!
11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!

Money Clinic

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