{"id":7827,"date":"2012-02-10T01:51:39","date_gmt":"2012-02-09T23:51:39","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-s-africas-zuma-promises-competitive-mining-sector\/"},"modified":"2012-02-10T01:51:39","modified_gmt":"2012-02-09T23:51:39","slug":"update-1-s-africas-zuma-promises-competitive-mining-sector","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-zuma-promises-competitive-mining-sector\/","title":{"rendered":"UPDATE 1-S.Africa’s Zuma promises "competitive" mining sector"},"content":{"rendered":"

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

(Add details, quotes)<\/span><\/p>\n

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

By Jon Herskovitz<\/p>\n

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

JOHANNESBURG<\/span> Feb 9 (Reuters) – South African
\nPresident Jacob Zuma on Thursday promised to keep the country’s
\npowerful mining sector “globally competitive”, the latest
\ncomment from a senior government official to knock down the
\nprospects of nationalising the mines.<\/p>\n

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

In his annual State of the Nation address, Zuma also pledged
\na 300 billion rand ($40 billion), seven-year investment plan for
\nstate rail and ports firm Transnet to increase the shipping of
\niron ore and coal, whose exports have been hampered by
\nlogistical bottlenecks.<\/p>\n

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

Unlike previous years, he gave no projections for the budget
\ndeficit or growth in Africa’s largest economy.<\/p>\n

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

Prior to the speech, editorials and comments on social media
\nsites had called for bold plans to cure chronic unemployment and
\na broken education system, as well as act against growing
\ncorruption.<\/p>\n

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

However, the speech lacked any major policy initiatives.<\/p>\n

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

This week the Zuma administration has worked to squash the
\nidea – pushed by radical elements in the ruling African National
\nCongress (ANC) – of mine nationalisation in the world’s largest
\nplatinum producer, with two cabinet members telling a global
\nmining conference in Cape Town that it would not work.<\/p>\n

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

A mining sector study submitted to the ANC leadership this
\nmonth rejected nationalisation as an “unmitigated disaster”. It
\nproposed a 50 percent tax on mining profits as a way to help the
\npoor better benefit from South Africa’s mineral riches.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

(Add details, quotes) By Jon Herskovitz JOHANNESBURG Feb 9 (Reuters) – South African President Jacob Zuma on Thursday promised to keep the country’s powerful mining sector “globally competitive”, the latest comment from a senior government official to knock down the prospects of nationalising the mines. In his annual State of the Nation address, Zuma also […]<\/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-7827","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\/7827","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=7827"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7827\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}