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Cape Town - The nationalisation of state assets is not ANC policy. Even less is it government policy. This seems to be an issue that troubles Julius Malema, leader of the ANC Youth League, alone.
On Tuesday at a historic meeting with the Parliamentary Press Gallery Association (PGA) - the first since 1994 - President Jacob Zuma emphasised that the public is assuming that Malema's remarks reflect ANC policy.
He referred journalists to the Mineral and Petroleum Resources Development Act of 2002, which gave the state trusteeship over mineral rights.
In the preface to this act South Africa's mineral wealth is described as a national asset, a collective heritage that belongs to all South Africans with the state as its trustee, Zuma said.
The policy relating to minerals and mining does not provide for the nationalisation of mining assets, but it does not prevent the state from becoming actively involved in mining.
To the question of whether amendments to the act are being considered to include nationalisation, he said there was no such move to amend anything (in the act).
The audit of mineral assets belonging to government is already complete, he announced.
- Sake24.com
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