{"id":7589,"date":"2012-02-02T13:38:28","date_gmt":"2012-02-02T11:38:28","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/anc-mine-study-rejects-s-africa-mine-grab-report\/"},"modified":"2012-02-02T13:38:28","modified_gmt":"2012-02-02T11:38:28","slug":"anc-mine-study-rejects-s-africa-mine-grab-report","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/anc-mine-study-rejects-s-africa-mine-grab-report\/","title":{"rendered":"ANC mine study rejects S.Africa mine grab-report"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 2 (Reuters) &#8211; A study commissioned<br \/>\nby South Africa&#8217;s ruling ANC has rejected calls for mine<br \/>\nnationalisation and come out in favour of higher taxes and<br \/>\nroyalties, the Business Day newspaper reported on Thursday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The report is expected to be adopted as policy by the<br \/>\nAfrican National Congress and will be raised this weekend at a<br \/>\nmeeting of the party&#8217;s National Executive Committee, the<br \/>\nnewspaper said, without saying where it got the information.<\/p>\n<p><span><\/span><\/p>\n<p>The report warns against &#8220;asset grabs&#8221; by the state because<br \/>\nsuch a policy would be unconstitutional and because the<br \/>\ngovernment could also not afford to buy mining stakes, the<br \/>\nnewspaper said.<\/p>\n<p><span><\/span><\/p>\n<p>But the government will also recommend higher royalties and<br \/>\ntaxes, as well as policies to encourage the processing of raw<br \/>\nminerals to add value, the paper said.<\/p>\n<p><span><\/span><\/p>\n<p>Talk of nationalising mines and banks by radical elements in<br \/>\nthe ANC has unnerved investors.<\/p>\n<p><span><\/span><\/p>\n<p>The policy drive for mine nationalisation lost political<br \/>\nmomentum after an ANC disciplinary committee found its biggest<br \/>\nadvocate, ANC youth league leader Julius Malema, guilty of<br \/>\nsowing discord in the party.<\/p>\n<p><span><\/span><\/p>\n<p>The committee handed down a five-year suspension which<br \/>\nMalema has appealed.<\/p>\n<p><span><\/span><\/p>\n<p>The ANC study on mine nationalisation was first submitted to<br \/>\nthe party leadership last year but had been sent back for<br \/>\nredrafting to improve its presentation.       \t<\/p>\n<p> (Writing by Ed Stoddard; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Feb 2 (Reuters) &#8211; A study commissioned by South Africa&#8217;s ruling ANC has rejected calls for mine nationalisation and come out in favour of higher taxes and royalties, the Business Day newspaper reported on Thursday. The report is expected to be adopted as policy by the African National Congress and will be raised this [&hellip;]<\/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-7589","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\/7589","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=7589"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}