{"id":11968,"date":"2012-06-30T00:03:32","date_gmt":"2012-06-29T22:03:32","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/inequality-poses-grave-threat-to-s-africa\/"},"modified":"2012-06-30T00:03:32","modified_gmt":"2012-06-29T22:03:32","slug":"inequality-poses-grave-threat-to-s-africa","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/inequality-poses-grave-threat-to-s-africa\/","title":{"rendered":"Inequality poses "grave threat" to S.Africa"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Zuma makes no mention of mining nationalisation<\/span><\/p>\n

<\/span><\/p>\n

* Calls on mines to contribute more to society<\/p>\n

<\/span><\/p>\n

By Jon Herskovitz<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, June 29 (Reuters) – South Africa’s ruling ANC
\nwill push for greater state involvement in mining and land
\nownership to address inequalities inherited from apartheid that
\npose a “grave threat” to Africa’s biggest economy, President
\nJacob Zuma said on Friday.<\/p>\n

<\/span><\/p>\n

Speaking at the end of a week-long African National Congress
\n(ANC) policy meeting, Zuma said the capitalists who became rich
\nunder white-minority rule still held a disproportionate sway
\nover the economy 18 years after its demise.<\/p>\n

<\/span><\/p>\n

“If we continue in this way, our gains of democracy will be
\nput at risk because those who feel the pain will say ‘Enough is
\nenough,'” Zuma said.<\/p>\n

<\/span><\/p>\n

Mining firms in the world’s largest platinum provider had to
\ndo more to create jobs and alleviate the poverty that is
\nfuelling almost daily unrest in sprawling black townships,
\nposing long-term risks to South Africa’s stability, he added.<\/p>\n

<\/span><\/p>\n

However, in his hour-long address, Zuma made no mention of
\nnationalisation as a solution to the sector’s social
\nshort-comings, suggesting a blanket state takeover of the mines
\n– the economic backbone of the state – has been shelved.<\/p>\n

<\/span><\/p>\n

Instead, the ANC, which has enjoyed solid parliamentary
\nmajorities since taking power in 1994, is looking at windfall
\ntaxes on mining companies to fund redistributive social
\nspending.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Zuma makes no mention of mining nationalisation * Calls on mines to contribute more to society By Jon Herskovitz JOHANNESBURG, June 29 (Reuters) – South Africa’s ruling ANC will push for greater state involvement in mining and land ownership to address inequalities inherited from apartheid that pose a “grave threat” to Africa’s biggest economy, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11968"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11968\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}