Nationalisation "not policy" - Zuma
Fin24

Nationalisation "not policy" - Zuma

2010-09-24 16:38

Durban - The ANC has not "shifted" its policy on the nationalisation of mines, ANC president Jacob Zuma said before the close of the party's national general council (NGC) in Durban on Friday.
   
"There has been no policy shift arising from this NGC with regards to our economic policy and other economic policies," Zuma said.
   
"There should be no ambiguity and confusion arising from this matter." Zuma said now that the ANC Youth League had tabled nationalisation and the possible establishment of a state mining company, the matter had become "an issue of the whole organisation".

"This is no longer just a Youth League issue," Zuma said to cheers from around 2 000 delegates.

"The NEC will undertake research in this regard as part of its preparations of the ANC's national policy conference in 2012.

"The NEC must be broad in its outlook and look at a number of issues.

"Minerals and petroleum are recognised by law as the national assets that belong to all in South Africa with the state as custodian."

IFP on nationalisation

In the meantime Inkatha Freedom Party (IFP) leader Mangosuthu Buthelezi again voiced his concerns with the on-going debate around the nationalisation of mines.
    
"I do not want to miss this opportunity to restate my position against the nationalisation of our country's mines. I was frustrated to see our government fail to put an immediate stop to talks about nationalisation when they emerged within the ANC's Youth League," he said in Dundee during the official opening of Kwakunje Cultural village.

He said President Jacob Zuma need to make government's position clear and to assure potential investors that this was not a direction the country intends to take.
   
"I feel there will be repercussions in the absence of a strong statement from our executive head."

Kwakunje Cultural Village, is a project launched by the Miranda  Mineral Holdings as part of national Heritage Day celebrations.

Comments
  • Sean - 2010-09-24 17:05

    By saying it is "not policy" means nothing! It might not be policy but the ANC are still investigating the possibility. That does not entice investors. Zuma should stop spewing garbage to try to please everyone.

  • Calisto - 2010-09-24 18:23

    I think the priority should be free education. Without having a skilled labour, it doesn't make any difference whether it is a state-owned or not !

  • Tender Entrepreneur - 2010-09-24 22:48

    Comrades, we are already making billions in government contracts, imagine how much more we can make if we nationalise mines and banks and then grant ourselves even more contracts when we are running those companies. Viva ANC Tender Entrepreneurs VIVA

  • Nasdaq7 - 2010-09-24 23:40

    Calisto. Free education isn't free. It is paid for by taxpayers. And currently only 8.5 million are paying taxes while we have 40 million freeloaders.

  • Richard - 2010-09-25 11:54

    The headline is a direct contradiction to the substance of the article. Zuma is quoted as saying "Minerals and petroleum are recognised by law as the national assets that belong to all in South Africa with the state as custodian." This means that his view is that the government controls all minerals by law. What is that if not nationalisation?

  • musa - 2010-09-25 12:04

    we the peolple of africa must share in this gold. thankyou

  • Casper - 2010-09-26 02:01

    Sean - I agree with you

  • Fred - 2010-09-27 13:39

    Musa, you should ask Tender Entrepreneur for your share in the gold

  • Dexton - 2010-10-17 18:00

    Whith do respect 2 u mr president, if nationalisation its not a policy currently its fine. But i do believe that after the anc invesgations about the issue, the anc leaders will say its a 'POLICY' aluta...

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