Share

Nationalisation "not policy" - Zuma

Durban - The ANC has not "shifted" its policy on the nationalisation of mines, ANC president Jacob Zuma said before the close of the party's national general council (NGC) in Durban on Friday.
   
"There has been no policy shift arising from this NGC with regards to our economic policy and other economic policies," Zuma said.
   
"There should be no ambiguity and confusion arising from this matter." Zuma said now that the ANC Youth League had tabled nationalisation and the possible establishment of a state mining company, the matter had become "an issue of the whole organisation".

"This is no longer just a Youth League issue," Zuma said to cheers from around 2 000 delegates.

"The NEC will undertake research in this regard as part of its preparations of the ANC's national policy conference in 2012.

"The NEC must be broad in its outlook and look at a number of issues.

"Minerals and petroleum are recognised by law as the national assets that belong to all in South Africa with the state as custodian."

IFP on nationalisation

In the meantime Inkatha Freedom Party (IFP) leader Mangosuthu Buthelezi again voiced his concerns with the on-going debate around the nationalisation of mines.
    
"I do not want to miss this opportunity to restate my position against the nationalisation of our country's mines. I was frustrated to see our government fail to put an immediate stop to talks about nationalisation when they emerged within the ANC's Youth League," he said in Dundee during the official opening of Kwakunje Cultural village.

He said President Jacob Zuma need to make government's position clear and to assure potential investors that this was not a direction the country intends to take.
   
"I feel there will be repercussions in the absence of a strong statement from our executive head."

Kwakunje Cultural Village, is a project launched by the Miranda  Mineral Holdings as part of national Heritage Day celebrations.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.00
+0.1%
Rand - Pound
23.79
+0.0%
Rand - Euro
20.41
-0.0%
Rand - Aus dollar
12.44
-0.3%
Rand - Yen
0.12
+0.7%
Platinum
924.70
-0.1%
Palladium
983.50
-0.7%
Gold
2,348.09
+0.7%
Silver
27.67
+0.9%
Brent Crude
89.01
+1.1%
Top 40
69,102
+1.0%
All Share
75,018
+0.9%
Resource 10
62,955
+1.4%
Industrial 25
103,702
+1.1%
Financial 15
15,853
+0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders