Share

Phosa: Nationalisation talk unhealthy

Johannesburg - The picking of sides in the debate on nationalisation is not healthy for the country given its history, ANC treasurer general Mathews Phosa said on Thursday.

"I would welcome views from the mining industry itself that starts expressing views about where the middle ground is in this debate," he said in a speech at the Exxaro resources executive business networking dinner in Johannesburg.

"The ideal deal... would not only ensure that profitable companies such as yours further expand their activities and create jobs, but also address the substantial challenges faced by government to create new jobs and hasten the process towards increased social cohesion and security."

Perceptions around nationalisation needed to be discussed in order to find a common ground, he said.

Phosa understood that mining companies needed certainty and cohesion on economic policy and therefore wanted clarity on the outcomes of nationalisation.

Various leaders in the ANC and the government had made it clear that nationalisation was not government policy, he said.

However, the ANC was doing research in various countries all over the world and would take into consideration global experiences on this issue.

It would release a report on nationalisation next year, said Phosa.

"As the ANC we are open to critical inputs as well as creative thoughts on how to better manage this process and ensure outcomes that will better address our joint challenges." 

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
19.12
+0.2%
Rand - Pound
23.68
+0.6%
Rand - Euro
20.37
+0.1%
Rand - Aus dollar
12.27
+0.3%
Rand - Yen
0.12
+0.1%
Platinum
941.30
-1.0%
Palladium
1,023.00
-0.6%
Gold
2,393.79
+0.6%
Silver
28.59
+1.3%
Brent Crude
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
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