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Nov 19 2009· Recent calls by the African National Congress ANC Youth League to nationalize South Africa s mining industry have resurrected a seemingly never-ending debate to nationalize or not What implications would nationalization have on the global mining economy as a whole Pros Nationalization doesn t have to cut out the private sector completely

SUMMARY Nationalisation of mineral rights in South Africa The Mineral and Petroleum Resources Development Act 28 of 2002 MPRDA deprived landowners of the ownership of unexplored mineral and petroleum products and proclaimed mineral and petroleum resources to be the common heritage of all the people of South Africa with the State as the custodian thereof

Sep 30 2010· Nationalisation is bad for consumers workers the poor and democracy Nationalisation occurs when property is transferred to government From South Africa to South Korea Chile to the

South Africa is currently engaged in a heated debate on whether to nationalize the country s mines the outcome of which will greatly affect the future of the economy as well as the well being of …

Apr 09 2019· This will ensure that we make a positive contribution towards building a non-racial democratic non-sexist South Africa The issue of the nationalisation of the mines was raised by the league and it gained momentum ahead of the ANC national general congress NGC in Durban last year

Jun 23 2011· Analysis What would happen to SA if mines were nationalised keep in mind that a lot of South Africa s unemployment problem has to do with the fact that a …

Recent calls for nationalisation of mines and expropriation of land without compensation have evoked a sense of anxiety and discomfort in sections of South African society the international financial sector and observers of South Africa s policy processes These ideas are said to be to be based

InSouth Africa will be hosting the prestigious soccer tournament the FIFA Soccer World Cup which is signified by the reality that Africa as a continent is hosting this activity for the first time Minerals Resources refer to all the more than 50 non-renewable precious industrial and chemical stones extracted from Mines in South Africa

The objective of this research was to explore the possible impact that the nationalisation and the introduction of a resource rent tax will have on the capability of platinum mining companies to create sustainable employment while remaining profitable in South Africa The research was qualitative and exploratory in nature

Apr 20 2012· Nationalisation to industrialise and create more jobs Nationalisation as a means to safeguard sovereignty Nationalisation as a means to accumulation path in the South African economy Nationalisation to transform South Africa s unequal spatial development pattern Disadvantages of the nationalisation of mines are as follows

It is quite evident that the state has not got the necessary capital skill and support to control the mines in South Africa 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

Nationalisation in South Africa A debate that… Dec 3 2011 THE nationalisation of mines in South Africa is a costly highrisk proposition that should …

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 manifesto of the liberation struggle

Aug 20 2011· Produced for the Bulletin Record Zambia Zambia — and different versions of the Zambian experience — has become a prime topic in South Africa s increasingly strident debate about the possible nationalisation of the country s mineral resources and in particular a range of older gold mines In July the claimed pros and cons of Zambia s…

THE nationalisation of mines in South Africa is a costly high-risk proposition that should be adopted only as a last resort an independent panel of experts is reported to have concluded after a

Nationalization and Mining Lessons from Zambia Article PDF Available in Journal- South African Institute of Mining and Metallurgy 111 10 737-737 · October 2011 with 258 Reads Cite this

Summary of the likely consequences of the South African debate Before I turn to the fiscal case a brief comment about the possible role of nationalisation in a new industrial policy for South Africa South Africa is not amongst those countries where the resources sector causes a massive surplus on the current account which risks local

KwaZulu-Natal Treasury economist Clive Coetzee has waded into the debate on mine nationalisation warning that such a move would result in the collapse of South Africa s economy

Nationalisation of mines dead and buried but goes on to make a host of alternative proposals to ensure South Africa s considerable mineral wealth benefits all of its people as per the freedom

When the ANC finally came to power after democratic elections in 1994 the new Constitution of South Africa included many of the demands of the Freedom Charter It addressed directly nearly all of the demands for equality of race and language but made no reference to nationalisation of industry or redistribution of land which were outlined in

strategic industries are where nationalisation is focussed and downstream and side-stream development focussed The Beneficiation Strategy of South Africa was not informed by this form of classification of sectors but merely by availability of minerals in South Africa Oligopolistic industries are good targets for nationalisation

Nationalisation of mines means the democratic government s ownership and control of Mining activities including exploration extraction production processing trading and beneficiation of Mineral Resources in South Africa ANCYL 2010

Nationalizing 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 model has some obvious limitations …

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

Sep 28 2012· He refers to an opinion piece - Nationalization and Mining Lessons from Zambia - Daniel Limpitla wrote about a year ago saying it is most relevant because whilst the debate around nationalisation of the mining sector in South Africa is not front and centre of the conversation it is always trending beneath the surface

Summary of the likely consequences of the South African debate Before I turn to the fiscal case a brief comment about the possible role of nationalisation in a new industrial policy for South Africa South Africa is not amongst those countries where the resources sector causes a massive surplus on the current account which risks local

Conclusions drawn from this essay is that nationalisation is a concept which it s costs exceed the benefits and with South Africa s current capabilities it is not ideal to implement however a partnership with mining companies and the State could alleviate some of the problems South Africa has

The impact of the proposed nationalisation of South African mines on employment in the platinum sector ii Abstract Many forums have been recently organised in South Africa to discuss the level of State intervention in the minerals sector the expropriation of private mining companies and the transfer of mineral wealth to the people

VoL 12 No3 MINERAL RIGHTS IN SOUTH AFRICA 289 maintained13 or enacted 14 These statutes comprised the legislative basis of virtually all mining for precious stones precious metals base minerals natu­ ral oil and nuclear material 15 Consolidation of mining and mining-safety legislation was taken one step further with the enactment of the Minerals

Nationalisation and the Freedom Charter By Raymond Suttner Recent calls for nationalisation of mines and expropriation of land without compensation have evoked a sense of anxiety and discomfort in sections of South African society the international financial sector and observers of South Africa s policy processes