{"id":12142,"date":"2012-07-06T00:14:17","date_gmt":"2012-07-05T22:14:17","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/south-africa-keeps-miners-in-dark-on-nationalisation\/"},"modified":"2012-07-06T00:14:17","modified_gmt":"2012-07-05T22:14:17","slug":"south-africa-keeps-miners-in-dark-on-nationalisation","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-keeps-miners-in-dark-on-nationalisation\/","title":{"rendered":"South Africa keeps miners in dark on nationalisation"},"content":{"rendered":"

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

By Ed Cropley<\/span><\/p>\n

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

JOHANNESBURG, July 5<\/span> (Reuters) – A major conference of South
\nAfrica’s ruling African National Congress (ANC) last week was
\nbilled as the final nail in the coffin for a drive to
\nnationalise the country’s mines. Instead, the policy corpse
\nappears to be alive and kicking.<\/p>\n

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

While “blanket nationalisation” – a sweeping buyout that
\nwould cost the state, by its own reckoning, $132 billion, or
\nnearly an entire annual budget – and a windfall tax appear to be
\noff the table, the week-long ANC talk-fest has left almost
\neverything else up in the air.<\/p>\n

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

Amid confusion about reports of more state mining firms,
\npartial nationalisation and “strategic” minerals, Enoch
\nGodongwana, the head of the ANC’s ‘Economic Transformation’
\nCommittee, took to the airwaves on Thursday to offer some
\nclarity.<\/p>\n

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

It didn’t help.<\/p>\n

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

“I do not know what kind of clarity people want,”
\nGodongwana, a big-hitter in ANC policy circles, told Talk Radio
\n702, adding that nationalisation “remains as a weapon for the
\nANC, as a tool, an instrument, as an option.”<\/p>\n

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

It was a far cry from mines minister Susan Shabangu telling
\nan audience at a Johannesburg business school last month the
\nissue would be “laid to rest” at the former liberation
\nmovement’s five-yearly policy review.<\/p>\n

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

Since the meeting concluded on Friday, various ANC factions
\nhave come out to claim victory in their fight to screw more rent
\nout the mines, the economic backbone of the white-minority
\napartheid state that ended in 1994, and no friend of South
\nAfrica’s overwhelming black majority.<\/p>\n

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

Business Day reported on Thursday that delegates from six of
\nSouth Africa’s nine provinces pushed for mines and firms in the
\nsteel and energy sectors to be taken over – to the delight of
\nthe ANC Youth League, the most vocal proponent of the idea.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

By Ed Cropley JOHANNESBURG, July 5 (Reuters) – A major conference of South Africa’s ruling African National Congress (ANC) last week was billed as the final nail in the coffin for a drive to nationalise the country’s mines. Instead, the policy corpse appears to be alive and kicking. While “blanket nationalisation” – a sweeping buyout […]<\/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-12142","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\/12142","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=12142"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12142\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}