Fin24

ANCYL plots nationalisation strategy

2012-12-14 11:20

Johannesburg - The ANC Youth League will propose resolutions on the nationalisation of certain minerals and strategic mining companies at the party's 53rd national conference in Mangaung, it said on Friday. 

"...We shall be proposing nationalisation of the following minerals: iron ore, magnesium, platinum group minerals, vanadium, manganese, coal and zinc," a statement ahead of the conference said. 

"We will further call for the renationalisation of Sasol, ArcelorMittal and Kumba (Iron Ore) as strategic assets that should be under the stewardship of the state for the broader benefit of all South Africans," said Khusela Sangoni-Khawe, ANCYL head of communications. 

This was in line with resolutions the league had taken on nationalisation as a way of attaining "economic freedom". 

The league said this was its response to a call for a definitive input on minerals to be strategically nationalised. 

A decision would be based on the economic importance of the mineral or sector concerned and safeguarding supplies for "economic and political sovereignty". 

The league experienced a tumultuous year - its president Julius Malema was expelled as an ANC member and other leaders were suspended. 

The statement described the upcoming conference as the "parliament" of the branches of the ANC. 

Future generations should look back on decisions taken to define this "epoch" as the period the ANC made a decisive break from the legacy of apartheid colonialism and the continuing suffering of the black majority in South Africa. 

The league said: "Manguang is expected to respond to the very urgent demand for the people to share in the country's wealth."

The league would affirm policy positions and continue to call for radical programme of action. 

This includes: expropriation of land without compensation for equitable redistribution, and the amendment of section 25 of the Constitution of the Republic of South Africa to give effect to this; nationalisation of mines and other strategic sectors for industrialisation; inclusive and decentralised economic growth and development; land restitution and agrarian reform.

The party must also place further emphasis on youth development; introduce compulsory youth service and implement a job stipend. 

The statement made no mention of Malema. 

It has been suggested that a motion from the floor at the conference could be his last chance to have his expulsion lifted. 

At Mangaung, the party is expected to discuss the controversial issue of nationalisation of the mines during policy sessions. 

It has rejected "wholesale nationalisation" in favour of "strategic nationalisation", and called for "transformative state intervention in the economy".

Options could include the more strategic use of existing state-owned companies, and strategic nationalisation. 

A proposed job-seekers grant would also be up for discussion.


Comments
  • klasie.kitshoff - 2012-12-14 11:30

    Is this to pay your debts?

      TSR01 - 2012-12-14 12:19

      Forget paying their debts, look at Telkom and Eskom. That t-shirt should read: FACT NATIONALIZATION SUCKS! :)

      frederick.kaczynski - 2012-12-14 12:30

      whatever happened to shares... oh.. sorry... you actually have to pay for shares...

      eduard.homes - 2012-12-14 13:34

      no this is to pay the debts of certain ancyl people.....

      jesibelle.krueger - 2012-12-14 19:18

      Bhwaaaa, ha, ha, ha - NATIONALISE (eg) SASOL - lets look at some 'first-hand' indications where it will go.., http://www.sowetanlive.co.za/news/business/2012/10/29/sasol-inzalo-share-scheme-sags

  • Duncan Colter - 2012-12-14 11:31

    As Nkandla shows South Africa, only the top brass benefit. The presidency openly shows they do not care for the people. The ANCYL is no different. Successful nationalization will only benefit those at the top.

      nic.nomicos.3 - 2012-12-14 11:47

      @Klasie....nah, they just want to steal more...simple as that....

      lacrimose.wolf - 2012-12-14 20:09

      Nationalisation is the place of last resort. It means that they are fresh out of ideas, do not want to see any growth or development or indeed positive change. As we have all learned in the last 18yrs anything that the State is responsible for, falls apart PDQ. Leaving people with less than before. I feel very sorry for a generation of, ahem, youth, living in the 21st century who still believe that a two-hundred year old solution that has completely failed, everywhere, is all they can come up with.

  • jack.milano.104 - 2012-12-14 11:37

    BLAH BLAH BLAH (I want an expensive watch), BLAH BLAH BLAH EISH (the white people stole our land), BLAH BLAH BLAH WARRA BLAH (I want an expesiev german car), BLAH NA WARRA EISH (if you don't agree, you're counter revolutionary), WARRA WARRA BLAH THINGIMABOB (We'll all live in Tuscan-style golf estates), WARRA WARRA NO NO (No, the mines won't be as useless as all the other organizations the ANC ran into the ground) YARRA YARRA YARRA (Why do we need to work for our money?)

      rontheogre - 2012-12-14 17:14

      Jack, any injuries I incurred because of excessive laughing will be for your account. Thanks for starting my weekend on a huge smile!!!

      Getrude - 2012-12-19 13:44

      Hahahahshshahiuuuuuuuuuu! Pls go joinTrevor Noah, ul make a brilliant team with him. Huhh! I never laughed like this before

  • mart.botha - 2012-12-14 11:45

    This is like trusting a helpless drunkard to drive your children to school. It is very likely to end badly....... because those at the helm are not trustworthy!

  • francois.viljoen.731 - 2012-12-14 11:48

    If the way they plan to run those companies are like Sabc, Eskom and SAA there will be no wealth left for any of us.

  • bruce.meaker - 2012-12-14 11:56

    There is no wealth, it has to be created through hard work and knowledge

      nic.nomicos.3 - 2012-12-14 12:31

      Something they don't understand...

  • gerald.parker.3956 - 2012-12-14 11:56

    Can you imagine those companies run by the same people in municiplaities and government where there is no service delivery and budgets overspent just like SAA

  • Danie Gerber - 2012-12-14 11:58

    O u stupid little people. How do u suppose u want to run and manage the mines if u couldn't even run a airport. Stop wasting our time with your stupid nonsense.

  • themba.thwala.775 - 2012-12-14 11:58

    The correct headline should be: "ANCYL plots how to incorporate SA into Zimbabwe." But with capitalists like Cyril, Tokyo, Baleka and many other cadres with shares in mining, the ANCYL is just wasting their time if they think nationalisation of mines will ever happen

  • dylan.mugabe - 2012-12-14 12:00

    Id support this if the ANC and its cadre deployment ran ESKOM and TELKOM properly. The fact of the matter is ANCYL cant even organise a proper conference. They cant even arrive at meetings on time. Theyre a bunch of jokers looking for more assets to loot. Just like locusts, they've looted so much SA infrastructure and are now moving onto another resource. When they've brought this sector to its knees, beware retail and banks they will come for you next.

      nic.nomicos.3 - 2012-12-14 12:30

      Yip...but they can organise kissing parties with that other moronic youth whatever party....

  • nestor.sakelliou - 2012-12-14 12:02

    "Fact nationalization rocks" I would like to go up to these morons and ask them exactly what is it that would make it rock in sa? If they want to compare that it has worked in other countries they should also compare corruption levels with other countries too

      nic.nomicos.3 - 2012-12-14 12:27

      Rocks in their heads yes....

  • bbooyse - 2012-12-14 12:08

    “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine

      lacrimose.wolf - 2012-12-14 20:10

      Wonderful quote, but in our context one has to start at the beginning - was there ever an ability to reason to renounce?

  • gary.desousa.5 - 2012-12-14 12:09

    communist/socilist hogwash read by idiots from cuban books and cut and pasted into a document. They want handouts with no responsability and this rubbish must be resisted with the full might of right thinking people.

      nic.nomicos.3 - 2012-12-14 12:25

      HEAR-HEAR....

  • eugene.muller.7 - 2012-12-14 12:12

    i am taking my white tendencies to another country that makes sense. you lot have fun...no more tax money from me. enough is enough...

      mshiniboys - 2012-12-14 12:44

      You are welcome to try Zimbabwe for a better business venture my dear friend.

  • mshiniboys - 2012-12-14 12:27

    The problem with plots is that they defy reality,policy and procedure but focus on revenge and rogue behaviors. In the end they destroy peoples' lives and careers.stop plotting.

  • aspruyt - 2012-12-14 12:41

    It is not a fact it is an opinion and opinions stink no matter from what perspective.

  • john.morreira.9 - 2012-12-14 12:53

    Socialism (and Nationalisation)is a philosophy of failure, the creed of ignorance and the gospel of envy, its inherent virtue is the equal sharing of misery. From a quote by Winston Churchill.

  • lucky.mpoza - 2012-12-14 13:30

    imagine Zuma in charge of our mines- yiyhoooooooooo! Party for the whole year in c-nkandla

      bobby.rosewood.1 - 2012-12-15 11:31

      It would be a nice script for a horror movie.

  • douglas.reid.921 - 2012-12-14 14:35

    We want all businesses to run like SAA, 6 billion bailout needed for bad management. Sasol used to be state run. I wouldn't let our little plotters run my bath.

      bobby.rosewood.1 - 2012-12-15 11:36

      Sasol has got lots of problems running its plants due to excessive cadre/BBBEE appointments as it is. They make money, lots of it, as they use coal as a base material that is cheap compared to crude oil. Their management has shifted from being led by Broederbond members to Freemasons, by the way.

  • bobby.rosewood.1 - 2012-12-15 12:14

    Sex and drugs & rock 'n roll. Typical.

  • deon.vantonder.77 - 2012-12-15 13:18

    So what you are actually saying, you want a cut for doing nothing. Isn't that a black culture. Getting everything for nothing. All the years everything was just given to you, that is why you do not appreciate anything. It is about time you earn your spot in society and adopt the culture, the moer I work the better off I be. Also adopt the policy that strikes and industrial action harms the industry and therfore the companues is loosing money.

      bobby.rosewood.1 - 2012-12-15 14:29

      It's not so 'black and white'.

  • tiaan.dippenaar.1 - 2012-12-16 15:05

    The government can't even run the current state controlled companies, how will it cope with 10 more? Let's be real... it would be a disaster, more people would be unemployed and those companies would need cash injections from the taxpayers. The only real way to move forward is more relaxed labour laws, slightly decreased wages and a competitive market. Communism won't work here and the ANCYL and the ANC needs to realise this. If Eskom, SAA and Telkom were very efficient and made billions of profit every year, then I would be all for the idea, but sadly it's not the case and the government just makes a mess of things.

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