South Africa Keeps Miners in Dark on Nationalisation

Ed Cropley, Yahoo! News, July 6, 2012

A major conference of South Africa’s ruling African National Congress (ANC) last week was billed as the final nail in the coffin for a drive to nationalise the country’s mines. Instead, the policy corpse appears to be alive and kicking.

While “blanket nationalisation”—a sweeping buyout that would cost the state, by its own reckoning, $132 billion, or nearly an entire annual budget—and a windfall tax appear to be off the table, the week-long ANC talk-fest has left almost everything else up in the air.

Amid confusion about reports of more state mining firms, partial nationalisation and “strategic” minerals, Enoch Godongwana, the head of the ANC’s ‘Economic Transformation’ Committee, took to the airwaves on Thursday to offer some clarity.

It didn’t help.

“I do not know what kind of clarity people want,” Godongwana, a big-hitter in ANC policy circles, told Talk Radio 702, adding that nationalisation “remains as a weapon for the ANC, as a tool, an instrument, as an option.”

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Since the meeting concluded on Friday, various ANC factions have come out to claim victory in their fight to screw more rent out the mines, the economic backbone of the white-minority apartheid state that ended in 1994, and no friend of South Africa’s overwhelming black majority.

Business Day reported on Thursday that delegates from six of South Africa’s nine provinces pushed for mines and firms in the steel and energy sectors to be taken over—to the delight of the ANC Youth League, the most vocal proponent of the idea.

The conference also endorsed the idea of “strategic nationalisation” if backed by the “balance of evidence”—whatever that may mean.

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However, the possibility remains that keeping everybody guessing—including ANC rank and file—is actually part of the plan for the party’s top brass as it moves towards the December internal vote and a general election in 2014.

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  • Oil Can Harry

    Sounds like “strategic nationalization” is the new euphamism for theft.

    Hey, why not try it? After all, it’s proven to be a smashing success in Zimbabwe.

    • Boereseun

      “Strategic Nationalisation” is more like the government taking 45 % of what you own and then expecting you to keep working as if you still owned 100 %. It’s thievery with the added benefit that the former owner still works like a mule for something they don’t really own.  

      It’s perfect for the ANC Kleptocracy, they get a nice 40-45 % stake in total mine ownership, courtesy of the tax payer, but don’t have any risks associated with running the mines. Anything goes wrong, the overseas investors still own majority of the shares and thus ‘control’ the mines and can be blamed. Therefore, in 5 to 10 years time, when the ‘majority black nation’ still doesn’t get ‘rich’, the ANC can once again blame the mines, whites, Apartheid, Colonialism or whatever floats their boat, till Kingdom Come, for their failures. Rinse and repeat.

      All the while they pocket the massive profits that their “investments/stolen goods” give them. 

      And believe you me, the mining companies will go along with it because they still get ownership and control. The only people that will be hurt are the very people this supposedly tries to help. All very funny indeed.

      • … works in Amerika.

  • They also announced a second phase of their post apartheid policy. 

    http://news.iafrica.com/sa/802975.html

    “This second phase should be characterised by more radical policies to
    bring about economic and social change to address poverty, inequality
    and unemployment, he said.”

    I think everyone here knows exactly how they will accomplish their goals.

  • The page has been removed must not have liked the comments

    • The__Bobster

      A lot of news sites now close stories to comments when they know they’ll receive AmRen-type replies.

  • RileyDeWiley

    Black Run Africa. 

  • JvNk

    I live in South Africa. One has to understand what is behind these kind of threats.

    The ruling ANC party won’t say it out loud, but realizes that, once the mines are nationalized, and run by black “managers” and “engineers” (the latter having graduated based on their pigmentation), the mines will be destroyed. They only have to look to Zimbabwe for an example of what happens when blacks try to run a modern economy.

    Also, running a mine is hard work, which is simply anathema to the ANC.

    The threat of nationalization is therefore simply intended to extort ever-increasing amounts of rent and taxes from the mine owners, in order to fund increasing numbers of expensive German cars (always black), parties, Johnnie Walker Blue Label whisky and suchlike trappings of Wabenzi status. The greed of the parasitic ANC knows no bounds.

    • IstvanIN

       If they do run the mines themselves the amount of mineral extracted will decrease and the mines will become unsafe.  Mines will collapse and flood.  Mines will be shut down and the country will go the route of the Belgium Congo/Zaire/Democratic Republic of the Congo.  The Congo is one of the most mineral rich countries in the world but the mines, railroads and cities are in ruins.

  • Black run gold mine production  …. yet another reason to buy, buy buy.

  • Turnagain

     No need for the White South Africans to have a scorched earth policy, the Negroes will take care of it for them.  As in Zimbabwe, a few years of Negro management will collapse or destroy everything and leave nothing but rusting junk and ashes.  As the Negroes begin to starve, the UN, liberal White celebrities et al. will commence begging for food aid for the starving South Africans.  Bet on it. 

  • IstvanIN

    Problem is no one, except maybe Georgia, will take them.  Canada deports whites back to South Africa for instance.

  • Global Minority

    Leave Africa to their own devices and watch what happens. We know the outcome of that. However, get the White South Africans out of there. I so wish we could bring them to America or any White country and deport all the illegals.

  • Athling

    White South Africa was forever lost in 1994. The rest is simply window dressing. Whites will have to begin again in a new homeland or be absorbed into the conquering African genetic pool.