Related Articles
Top Stories
Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
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
For more business news in Afrikaans, go to Sake24.com.