Nationalizing South African mines: an economic assessment
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 from theoretical considerations and related to the known features of the South …
Nationalization Does Not Help The People
The Chamber of Mines of South Africa, of which Motsepe is an executive member, has not said much beyond "seeking clarity" from the ruling party and, after being told that nationalization was not policy, that the ANC would do research into the desirability and modalities of nationalization.
nationalisation of mines in south africa
Nationalisation Nationalization (British English spelling nationalisation) is the process of taking an industry or assets into government ownership by a national government or state.[1 704 Words; 3 Pages; Nationalisation Of Mines In South Africa Introduction The nationalizing of mines has been the on-going debate in South Africa, Mainly between ...
The Mines Nationalization Conundrum In South Africa: …
The trajectory of Mines nationalization debate is currently high on the socio-economic and political discourse in South Africa. This paper within the context of qualitative analytical methodology explores the dynamics of the nationalization conundrum in the South African country. In the use of this methodology and the review of related literature, the paper …
advantages and disadvantages of nationalisation
Disadvantages of nationalization of mines in south advantages and disadvantages of, binq miningNationalizing south african mines an economic assessment keywords nationalization, south africa, mining sector, in the south african economy, ii the fiscal risks or benefits of nationalization, iii the efficiency of the mining sector, but this ...
Nationalisation and the mines (Chapter 6)
The ANC tried to manage the stoked-up debate on nationalisation by appointing a research team to report broadly on state intervention in the mining industry. This included international case studies and options for South Africa to consider. In November 2011, after over a year of work, the report was discussed by the ANC's …
Policy implications of the nationalisation of mines in South Africa …
The proposal to nationalise mines is a contentious issue in South Africa. There are those who argue for, while others against, the proposal. Furthermore, the role of government in this process is relatively unclear. The study investigates the proposed nationalisation of mines and probable policy implications for South Africa.
A new wave of resource nationalism in the mining & metals …
The mining & metals industry may be facing a renewed period of intense resource nationalism. Facing gaping budget deficits in the wake of the COVID-19 pandemic, and stoked by soaring commodity prices, resource-rich countries are bound to demand more from investors in the sector. In fact, 2021 has already seen a flurry of proposed and …
South Africa's Zuma squashes mine nationalization talk
President Jacob Zuma squashed more than two years of talk on Friday about the nationalization of South Africa's massive mining sector, saying state control or ownership of the mines in the world's ...
Zambia scoffs at Zimbabwe and South Africa mine nationalization schemes
On Tuesday Zambia's Finance Minister mocked Zimbabwe and South Africa for planning to forcibly raise government stakes in foreign mines, saying "the Zambian miner in 1970s was a happier miner than ...
Nationalisation and the mines (Chapter 6)
Martin Nicol. Edited by. John Daniel, Prishani Naidoo, Devan Pillay and. Roger Southall. Chapter. Get access. Share. Cite. Summary. The arguments against …
THE PROPOSED NATIONALIZATION OF MINES IN …
THE PROPOSED NATIONALIZATION OF MINES IN SOUTH AFRICA – A CRITICAL ASSESSMENT 1 Clive Coetzee General Manager: IGR Unit Economist [email protected] 033 8974538 "The Brazilian state has assumed the role of an entrepreneur not for
Mine Nationalization
Mine nationalization has been a topic of discussion in South Africa for the past two years. South African mines are the fifth largest in the world and produce more than 80% of the world's platinum. Other minerals found within the country are coal, gold, and diamonds. There are many opposing views surrounding the issue, which leads one to ...
South Africa's Zuma Dismisses Nationalization of Mines
Though nationalization of the mines now seems unlikely, the ANC study did recommend substantially higher taxes on the mining industry, as the government looks for ways to spread South Africa's wealth to the 40 percent of its population living in poverty. Mr. Zuma said his plan to invest in infrastructure is the best way to create jobs.
Analysis: What would happen to SA if mines were …
The unemployment rate for the last quarter of 2010 was 24% according to Statistics South Africa and is back up to 25% in the first quarter of 2011, but that only counts people who are actively ...
Nationalization: an analysis of the competing interests of …
In South Africa, the ANC Youth League, which has promoted the notion of the nationalization of mines and other industries, faded heavily after the ANC's Mangaung elective conference in December 2012. Not only did the conference remove the notion of nationalization, but the very future, if any, of the ANC Youth League itself was put in …
Nationalizing South African mines : an economic assessment
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 from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalization emerges, …
Advantages and disadvantages of nationalising mines
The minister of finance Mr Pravin Gordhan stated on March 14, 2011, that nationalisation of South Africa's mines and other economic assets is not government policy. He went on to say that failure to be clear on policies could be an obstacle to elevated levels of foreign direct investment that are required to help lift growth rates to 7 percent.
Why we need to nationalise the mines
The investors need South Africa's economic resources, labour and expanding market as much as we appreciate their investments. They are investing in South Africa because they want to benefit, not because they are doing us a favour. So the threats of disinvestment are really hollow. As we said before, nationalisation of mines will not please ...
To Nationalize or Not? The Pros and Cons of South Africa …
Currently, South Africa's government claims that it has no plans to nationalize its mining industry. South Africa's Mines Minister Susan Shabangu has …
Nationalisation in South Africa: Which Way are We Going?
Nationalisation in South Africa: Which Way are We Going? By Glenn Ashton · 11 Aug 2010. A + A = A - 0. Nationalisation been returned to the agenda, …
Debate on Nationalising the Mines in South Africa
A 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 predicated on fulfilling the vision of the Freedom Charter, which was adopted at Kliptown in 1955 as the …
Keynote Address Strategic Implications for the …
The impact of South African mine nationalization on the PGM industry There is much speculation as to the kind of damage such a nationalization in South Africa could do to the global mining industry: the loss of the reserve base, in particular for PGMs, would cripple the market, sending metal prices sharply upwards and ultimately forcing end ...
reports on advantages of nationalisation in south africa
the advantages of nationalization of south africa mines. Nationalisation of Mines in South Africa 3122 Words . Feb 16, 20120183;32;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 resources and diversify …
Nationalizing South African mines : an economic assessment
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 …
Nationalization: Lessons from Southern Africa
Rationale for nationalization. Nationalization in Southern Africa was justified on the following, familiar, eco nomic, ideological and political grounds. Political independence also entailed economic independence for the newly sovereign nation. This, it was postulated, could only be achieved if the state acquired ownership and control of at ...
The case against nationalisation
The task of this process is to ensure the long-term growth and meaningful transformation of South Africa's mining industry, as well as the equitable inclusion of all stakeholders in that growth. A dialogue between this process and those who argue for nationalisation should be to benefit of both, and indeed all South Africans. ...
Nationalisation of South African mining 'still a threat'
South Africa's ruling African National Congress (ANC) party debated – and ruled out – the long-mooted nationalisation of its mining industry at the party's policy conference last week.
Nationalisation in South Africa: Which Way are We Going?
Nationalisation in South Africa: Which Way are We Going? By Glenn Ashton · 11 Aug 2010. A + A = A -. 0. Nationalisation been returned to the agenda, causing disquiet amongst investors and miners and a quickening in the pulse of the left. We cannot allow Malema to dominate this discussion.
TITLE: Policy implications of the nationalisation of mines …
The proposal to nationalise mines is a contentious issue in South Africa. There are those who argue for, while others against, the proposal. Furthermore, the role of government in this process is relatively unclear. The study investigates the proposed nationalisation of mines and probable policy implications for South Africa. The study