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Phosa: No major economic policy changes

Nov 01 2011 17:42 Sapa

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Johannesburg - The nationalisation debate will follow an orderly course within the ANC, treasurer general Mathews Phosa said on Tuesday.

"I know and understand that you are concerned about the content and tone of our public debate on nationalisation of mines and banks," Phosa said in remarks prepared for delivery at a meeting with European ambassadors and high commissioners.

"Suffice to say that this robust debate will follow an orderly course within the ANC where we do not anticipate major changes to our economic policy," he said in Pretoria.

The ANC Youth League created a stir when it began lobbying for the nationalisation of mines.

It contends that mineral wealth belongs to all the people in South Africa, according to aspirations set out in the ANC's Freedom Charter.

The ANC has said it has no immediate plans to nationalise.

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