• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More


ANC 'dishonest' about nationalisation

Jun 28 2011 08:44
Cape Town - The Freedom Front Plus on Monday accused the ANC of being dishonest about nationalisation.

The ANC was silently supporting the policy of nationalisation and appropriation despite party leadership's views that nationalisation was not ANC policy, FF Plus spokesperson Conrad Beyers said in a statement.

"This follows after the ANC in the North West officially sided with the ANC Youth League and supported the nationalisation of mines, according to media reports," he said.

It was the first time that a body within the ANC had supported such a policy.

"The FF Plus has warned that the ANC's planned economic experiment to launch a sharpened economic attack on a portion of the South African population will be detrimental for the whole country, including the poorer part of the population," said Beyers.

He said the nationalisation of core industries was associated worldwide with countries that could not make it economically.

The current uncertainty about nationalisation was already damaging the economy due to disinvestment and "the frightening away of investors".

All South Africans, both black and white, had an interest in the debate.

"The ANC is not going to stop with the nationalisation of mines. After the mines the farms, banks and pensions will follow.

"It is extremely important that South Africans urgently and clearly demonstrate their opposition to the ANC's radicalism," Beyers said.

Unemployment and a massive increase in poverty were the inevitable consequence of the economic damage to the country due to nationalisation and appropriations - as was the case in Zimbabwe.

"When one shoots the white stripes of a Zebra, the animal dies - also the black stripes of the Zebra.

"The ANC is busy with a dangerous game which will be to the detriment of the whole of South Africa," Beyers said.

anc  |  ffplus  |  ancyl  |  nationalisation



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote