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ANC Youth League to push nationalisation of mines

ANCYL “’ continues
push for
of mines
Johannesburg, South Africa — MININGREVIEW.COM — 04 January 2010 – The ANC Youth League (ANCYL) has announced that it intends releasing a document later this month on how to nationalise the country’s mines.

Fin24 quotes a statement released here, citing ANCYL spokesman Floyd Shivamba as saying that this framework would be put forward after the organisation had discussed it at its lekgotla this month. “The discussion document will be clearly stating a framework on how nationalisation of mines will happen in South Africa,” he said.

“Our perspective on nationalisation will be a product of intensive engagement with all interested stakeholders in South Africa “’ particularly Cosatu, which has expressed interest and has provided input into the discussion document,” Shivamba added.

He called on other stakeholders who were interested in thorough debate to make contributions to the ANCYL perspective. “We want the perspective to be a commonly shared vision on how the people can benefit from nationalised mines and other strategic sectors of the economy.”

Shivambu went on to say that ANCYL would conduct study tours to countries that had greater State participation in the management of their economies to see how this impacted on the development of their communities.

“We will specifically visit countries such as China, Botswana, Zambia, Chile, Brazil, Venezuela and Namibia to study and learn how these countries have either succeeded or failed in the management and control of strategic sectors of their respective economies,” he explained

Shivambu said ANCYL called on its detractors from both the left and right to make constructive input into its perspective on nationalisation of mines with the intention of enriching the concept.