HomeBase MetalsNationalisation of mines is not SA government policy

Nationalisation of mines is not SA government policy

Deputy president
Kgalema Motlanthe
Johannesburg, South Africa — MININGREVIEW.COM — 21 November 2011 – Deputy president Kgalema Motlanthe has reiterated the fact that the nationalisation of mines is not South African government policy.

“The views of individuals on these questions do not amount to policy,” he said in an address here. “The African National Congress (ANC) would look at the findings of a team researching nationalisation,” he added.

The ANC has appointed three economists to investigate the success and failure of nationalisation in 12 countries, after calls from its Youth League to nationalise mines and banks. The outcomes will be discussed at an ANC policy conference next year.

Motlanthe said South Africans were more inclined to listen to sound-bites and individuals, than to refer to government policy on nationalisation. “Policy gets repeated over and over again, but what South Africa hears is the sound-bites from individuals.”

He added that it was like a Chinese proverb about how the sound of one tree falling in a forest is far louder than the sound of those left standing “’ hinting at comments made by disgraced ANC Youth League leader Julius Malema on nationalisation.

ANC policy was “never taken on the hoof by individuals,” he said.