Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived …
The Mining Industry in Southern Africa Surface workers on South African mines earn roughly R1 500 (US$200) per month, while underground workers earn R3 000 (US$400) per month, figures which have not changed much since 2005 (Hlekiso & Mahlo, 2006). In 2005 the average wage of a Canadian mine worker was US$ 2607 per month (Worldsalaries.org).
Why is it that South Africa should be criminalised for nationalising our mineral wealth, whilst the big capitalists' States like the United States are nationalising their corporations in their countries. We should refuse to be controlled by imperialist forces whose interests will never converge with the interests of the South African population.
Mining in South Africa continues to transform the country to this day. Currently, the industry is mostly run by white executives overseeing a huge, low-skilled and cheap black workforce but industry and government are trying to change that …
Advantages of nationalising mines A study done in 2009 showed that mine workers in South Africa earn around R1 500 per month for surface workers and R3 000 for underground workers. In Canada in 2006 mine workers earned around $26000 per month (Van Wyk, 2010).
The Mining Industry in Southern Africa Surface workers on South African mines earn roughly R1 500 (US$200) per month, while underground workers earn R3 000 (US$400) …
Nationalising mining houses in the current global and national recession might have the unintended consequence of simply bailing out indebted private capital, especially BEE mining interests....
It is informative to examine our only nationalised mine, Alexcor. This potentially profitable diamond mine limps from crisis to crisis. Even during boom-times before the global …
Nationalisation is high on the policy agenda in South Africa. This paper considers the case for nationalising the local mining sector from an evidence-based perspective. The relevant evidence is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalisation emerges, …
Nationalization of South African mines would represent a major change in the role of the state in the local economy. From the international experience there does not appear to be any one level of state participation that yields predictably better outcomes in terms of economic development (Commission on Growth and Development, 2008).
South Africa: Why nationalising the mines is not the answer – Le This is especially true in light of his most recent talkleft walkright statements concerning nationalisation of mines, South Africa is one of the world's most »More detailedNATIONALISATION IN SOUTH AFRICA purported victims (but on occasion, the beneficiaries of ...
South Africa is currently engaged in a heated debate on whether to nationalize the country's mines, the outcome of which will greatly affect the future of the economy as well as …
"In the proposed model for nationalisation of mines, the ANC Youth League said... it should entail that after its establishment, the state-owned mining company should take a minimum of 60 percent of the existing privately-owned mining corporations," he said. Of course, there is a glimmer of mangled truth in Malema's statements.
"In the proposed model for nationalisation of mines, the ANC Youth League said... it should entail that after its establishment, the state-owned mining company should take a …
Nationalisation is high on the policy agenda in South Africa. This paper considers the case for nationalising the local mining sector from an evidence-based perspective. The relevant...
desirable role of the state in the South African economy, (ii) the fiscal risks or benefits of nationalization, (iii) the efficiency of the mining sector in South Africa, and (iv) the attractiveness of South Africa for local and international investors. This paper analyses each of these issues in turn. Economic development and the role of the state
The Freedom Charter is a beautiful document. It is essentially the sacred text that inspires our democratic aspirations. Like all such texts, it's not always meant to be taken literally. The ANC, under the Mandela and Mbeki …
In order implement the nationalisation of mines, it would cost South Africa R1. 9 trillion in state resources (Godsell and Spicer, 2011: 5) to compensate its stakeholders. This …
Bafokeng mine Bathopele mine Bokoni mine Dishaba mine Imbasa mine Impala mine Inkosi mine Khomanani mine Khuseleka mine Kroondal mine Marula mine Modikwa mine Mogalakwena mine Mototolo mine Pandora mine Siphumelele mine Tamboti mine Thembelani mine Tumela mine Twickenham mine Two Rivers mine Union North mine Titanium platinum …
Therefore there is no reason to nationalize the mines in South Africa. Nationalisation has been tried in many countries. By looking at countries like Botswana, Zambia and Venezuela, one can clearly see that the nationalisation attempts of these countries have failed.
In nationalising the mining sector in South Africa, the State government believes it would have the capabilities of attracting labour-intensive mining industrialists who will process mineral …
Nationalise the mines. That is a demand taken up loudly in recent months by the Economic Freedom Fighters. It is a demand long made by many in the labour movement and it has been given added...
Debate on Nationalising the Mines in South Africa. 2 days ago ensp 0183 enspA storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League ANCYL boldly proclaimed the need for the mining industry in South Africa to be nationalized The demand was predied on fulfilling the vision of the Freedom Charter which …
South Africa's mineral profile is large and diverse, with many opportunities for international and local investors. There are currently 22 minerals mined in South Africa: Chrome: 11 Coal: 132 Copper: 6 Diamond: 48 Emerald: 1 Fluorspar: 2 Ilmenite: 3 Gold: 86 Industrial: 95 Iron Ore: 21 Lead: 1 Manganese: 17 Nickel: 9 PGM: 91 Phosphate: 2
A strong case against nationalisation emerges, which can be summarised as follows: The mining sector is competitive and therefore a poor candidate for public ownership. Further, the …
Nationalising South Africa's mines is neither government policy nor the policy of the ruling ANC, says Mineral Resources Minister Susan Shabangu, adding that the ... china nationalising the mines in south africa - Crusher South Africa. advantages and disadvantages of nationalising mines in south africa. What are the advantages and disadvantages ...
It is informative to examine our only nationalised mine, Alexcor. This potentially profitable diamond mine limps from crisis to crisis. Even during boom-times before the global economic crisis, Alexcor incurred huge losses, continually bailed out …
While an ANC report last week stressed that nationalization would be unaffordable — the government would need to raise R1 trillion ($125 billion), more than its entire budget, to buy out listed...
On 28-31 May 1992, at a four-day gathering in Kimberley, the ANC effectively dropped nationalisation, which stood as its central demand for 36 years, as an essential issue in the negotiation process. The Economic Freedom Fighters (EFF) aims to pick up where the ANC government has failed its people.
"Nationalization is an antiquated and universally discredited political practice that will have disastrous consequences for the national economy," the Chamber of Mines of South Africa said...