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Malema says SA mines will be nationalised

Julius Malema
“’ another call for
nationalisation of mines
Johannesburg, South Africa — MININGREVIEW.COM — 30 November 2009 – South Africa’s mines will be nationalised, according to Julius Malema, president of the youth wing of the ruling Africa National Congress party.

The ANC Youth League will use its influence to push through nationalisation in the same way it helped install Jacob Zuma as president, Malema, told journalists here.

“To those who say it’s never going to happen, it is going to happen “’ prepare yourself for that,” Malema said. “The ANC Youth League is very influential. We are gaining ground.”

Bloomberg News reports that the group will present a document backing nationalisation to the general council of the ANC next year, and a decision on timing will be taken in 2012, he added.

Malema, who often calls his opponents racist, has called for South Africa’s mines to be nationalised since July, even as the ANC leadership said it would not pursue the matter. Malema wants the government to have more control over mining assets to spread wealth in the world’s biggest producer of platinum, chrome, vanadium and manganese.

Poor communities surrounding mines haven’t shared in profits made by the companies, Malema claimed.