"The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable," he said at the time. ... South Africa's National Planning Commission has said that in 1995, the proportion of its citizens living below the poverty line of $2 a day was ...
The ban is also meant to deter artisanal miners from exporting ores abroad. Smuggling to South Africa and UAE reportedly cost the country $1.8bn in lost mining earnings. High prices and tighter government control have artisanal miners flocking to abandoned mines in search of critical minerals, with potentially dramatic consequences.
The trajectory of Mines nationalization debate is currently high on the socio-economic and political discourse in South Africa. This paper within the context of qualitative analytical methodology explores the dynamics of the nationalization …
From Burkina Faso to Zambia, and from Mongolia to the Philippines, countries across Africa and Asia-Pacific are asserting new fiscal demands on investors in the mining sector. These have taken the form of proposed windfall and profit taxes, higher excise taxes and stepped-up royalty rates, or simply more aggressive enforcement.
Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalization emerges, which can be summarized as …
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 ...
Downloadable! Nationalisation is high on the policy agenda in South Africa. This paper considers the case for nationalising the local mining sector from an evidence-based perspective. The relevant evidence is derived from theoretical considerations and related to the known features of the South African mining sector and economy. A strong case against nationalisation …
India imports its coal mainly from Australia, Indonesia, New Zealand and South Africa. Nationalization of Coal Mines. ... In 1970s, all the coal mining private leases were terminated via the Coal Mines (Nationalization) Amendment Act 1976 but some exceptions were allowed because the nationalized coal companies were unable to fully meet demand ...
the South African mining houses, was active in mines in South-West Africa, Southern and Northern Rhodesia, and Tanganyika. Crucially, however, the diamonds of Botswana and Rhodesia then lay undiscovered. Had Rhodes known about them it is likely that today's South Africa would cover the entire area south of the Zambezi, including those two
The EFF presented itself as a "radical, leftist, anti-capitalist and anti-imperialist movement." The party's manifesto included many of the controversial propositions that Malema had promoted while in the ANC, including the nationalization of mines and banks in South Africa and the expropriation of land for redistribution, all toward the goal of economic …
South Africa's Economic Freedom Fighters, the country's second-largest opposition party, is positioning itself as king-maker in this year's general election. EFF promises to nationalise all ...
On Tuesday Zambia's Finance Minister mocked Zimbabwe and South Africa for planning to forcibly raise government stakes in foreign mines, saying "the Zambian miner in 1970s was a happier miner than ...
Extrapolating from this, would the nationalisation of our mines necessarily be a good thing? It is informative to examine our only nationalised mine, Alexcor. This potentially profitable diamond mine limps from crisis to …
22-8 per cent of South Africa's economically active population), roughly half belong to Cosatu ... 'The nationalization of the mines, banks and monopoly industry is the policy of the ANC and a change or modification of our views in this regard is inconceivable'.9 These com-
South Africa's lost promise will lead to a reordering in which the African National Congress is no longer the top political party. ... this allegiance would have economic consequences. The nationalization of banks and mines, as well as land expropriation without compensation, would be put on the table. ...
In South Africa, the ANC Youth League, which has promoted the notion of the nationalization of mines and other industries, faded heavily after the ANC's Mangaung elective conference in December 2012. Not only did the conference remove the notion of nationalization, but the very future, if any, of the ANC Youth League itself was put in balance.
Ramaphosa has stated that, although officially ANC policy, the SARB's nationalization is unaffordable and not currently possible given South Africa's weak economic position. He has also been adamant about the SARB's independence in …
Nationalization threat remains real for businesses operating in many countries across South America. Those countries with unstable currencies are more inclined to seek desperate grabs for wealth, such as in Argentina, Bolivia, and Venezuela. Colombia went through semi-nationalization with revoking mining licenses around the country in 2012.
South Africa's governing party, the African National Congress (ANC), recently adopted a resolution to nationalise the country's central bank. The move comes on the back of calls for government ...
The proposal to nationalise mines is a contentious issue in South Africa. There are those who argue for, while others against, the proposal. Furthermore, the role of government in this process is relatively unclear. The study investigates the proposed nationalisation of mines and probable policy implications for South Africa.
South Africa launches a state-owned mining company, the African Exploration Mining and Finance Corporation.
The possibility of possible nationalization of South Africa's key mining sector rumbles on. Is this likely to happen? Julian Phillips looks at the politics behind the rhetoric.
Anglo-American lobbying flops as clamour intensifies for nationalization of South Africa's mines. Frik Els | June 19, 2011 | 10:45 pm Precious Metals Top Companies Africa Gold .
The Department of Home Affairs in South Africa requests a letter from your embassy, consulate, or mission confirming that you are allowed to hold a second passport. The stance on dual nationality varies across countries. Generally, liberal countries like France, Italy, and Great Britain allow dual citizenship, while stricter nations such as ...
The task of this process is to ensure the long-term growth and meaningful transformation of South Africa's mining industry, as well as the equitable inclusion of all stakeholders in that growth. A dialogue between this process and those who argue for nationalisation should be to benefit of both, and indeed all South Africans. ...
Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived from theoretical considerations and related to the known features of the South African mining sector …
1.2. Background to the proposed nationalisation of South African mines Since 2010, the ANCYL has fuelled the debate around the nationalisation of mines in South Africa. Many debates and forums have been recently organised in South Africa to discuss the level of State intervention in the mining industry, the expropriation of
Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived...
In conclusion, the UDM's position on the nationalization of mines in South Africa is based on a pragmatic and balanced approach. We believe that a mixed economy, collaboration, and effective regulation can address the concerns related to the mining sector while promoting sustainable development, job creation, and equitable wealth distribution.
'NATIONALISATION OF MINES means the democratic government's ownership and control of Mining activities, including exploration, extraction, production, processing, trading and …
