Phosa: No major economic policy changes

2011-11-01 17:42

Johannesburg - The nationalisation debate will follow an orderly course within the ANC, treasurer general Mathews Phosa said on Tuesday.

"I know and understand that you are concerned about the content and tone of our public debate on nationalisation of mines and banks," Phosa said in remarks prepared for delivery at a meeting with European ambassadors and high commissioners.

"Suffice to say that this robust debate will follow an orderly course within the ANC where we do not anticipate major changes to our economic policy," he said in Pretoria.

The ANC Youth League created a stir when it began lobbying for the nationalisation of mines.

It contends that mineral wealth belongs to all the people in South Africa, according to aspirations set out in the ANC's Freedom Charter.

The ANC has said it has no immediate plans to nationalise.

  • Nasdaq7 - 2011-11-01 17:53

    They will loot and then grab control of the country from the ANC.

      Right - 2011-11-01 18:04

      PHOSA for President! Going to come from the back and win the race...and then put Malema to pasture. Watch this space!

      Jeff - 2011-11-01 20:39


  • rudebear - 2011-11-01 19:39

    Think of this.The majotity of people in SA do work.They cotribute to a pension fund or anuity.Thus they indirectly own a share of mines. They will most probably lose most of their pension fund or anuities if mines are nationalised.

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