safrican ministers challenge nationalisation push
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

S.African ministers challenge nationalisation push

Arab Today, arab today

Arab Today, arab today S.African ministers challenge nationalisation push

Johannesburg - AFP

Calls to nationalise South Africa\'s mines, driven by the ruling party\'s youth league, face new challenges from ministers who warn the scheme won\'t fight poverty and fear the debate is scaring investors. Worries about nationalisation have dogged South Africa ever since the African National Congress took power in 1994, when Nelson Mandela led the party to victory in the first all-race elections. Now the debate has been revived by Julius Malema, the firebrand ANC youth league leader, who wants to redress South Africa\'s gaping economic divide by nationalising mines and banks while accelerating land reforms to resettle blacks on white-owned farms. \"Everyone has the right to benefit from wealth in South Africa,\" Malema said in a speech at the University of Johannesburg on Thursday. \"South Africa is divided as we speak. We\'ve got two economies in one country, two nations in one country, and it is nationalisation that will unite us.\" Malema is campaigning for a constitutional amendment to allow the government to seize mines, banks and farms without compensation to owners, who he says never paid Africans for the original purchase of the properties. Malema has beaten the nationalisation drum for two years, forcing the ANC to launch a formal study into the issue that should be released in a few months, ahead of the party congress in December 2012. President Jacob Zuma has remained conspicuously silent during most of the debate about the mines, which employ one million people and account for almost 20 percent of the economy. Other top officials are now weighing in, even though current policy has no chance of changing until the ANC review is released and debated by the party. \"We don\'t develop a policy on our feet, and we don\'t just wake up and adopt policies because a group is vocal on the nationalisation of mines. It does not work that way,\" ANC secretary general Gwede Mantashe told the youth league\'s congress in June. Mantashe and Malema regularly spar over policy and the direction of the party, with Malema making little secret of his desire to see Mantashe replaced. But other ministers have now begun speaking out. \"We who run the country know the harm this reckless debate is doing to the good image and investments of the country,\" said public works minister Malusi Gigaba, a former youth league leader. Mines minister Susan Shabangu said Tuesday that nationalisation would not rid South Africa of its \"evil triplets\" -- poverty, unemployment and inequality. \"The correct question should not be whether or not we nationalise. The question, in my view, should be: How do we make use of our vast mineral wealth to eliminate the evil triplets?\" she said. The South African Institute for Race Relations predicts that half of black South Africans aged 15 to 34 will never work in the formal economy because they aren\'t literate enough and because economic growth is too slow to generate enough jobs. These are the people that Malema\'s proposals speak to, but business leaders warn that nationalisation won\'t address their concerns. \"Nationalisation is not going to solve the problem, but will end up killing the patient,\" said Roger Baxter, an economist at the Chamber of Mines. \"In fact it will actually set South Africa back hugely in its efforts to try and solve the problem.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

safrican ministers challenge nationalisation push safrican ministers challenge nationalisation push

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

safrican ministers challenge nationalisation push safrican ministers challenge nationalisation push

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday