nationalisation of mines in south africa

Mining and minerals in South Africa

Aug 16, 2012 · South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry.

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What would it mean for South Africa to nationalise the mines?

Apr 20, 2012 · Nationalisation to industrialise and create more jobs. Nationalisation as a means to safeguard sovereignty. Nationalisation as a means to accumulation path in the South African economy. Nationalisation to transform South Africa''s unequal spatial development pattern. Disadvantages of the nationalisation of mines are as follows:

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Nationalisation in South Africa A debate that will

THE nationalisation of mines in South Africa is a costly, highrisk proposition that should be adopted only as a last resort, an independent panel of experts is reported to have concluded after a

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Why nationalisation won''t work Fin24

Sep 28, 2012 · He refers to an opinion piece Nationalization and Mining: Lessons from Zambia Daniel Limpitla wrote about a year ago, saying it is most relevant because "whilst the debate around nationalisation of the mining sector in South Africa is not front and centre of the conversation, it is always ''trending'' beneath the surface".

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Advantages and disadvantages of nationalising mines

Nationalisation would create panic among foreign investors. South Africa has a history of state owned enterprises that haven''t been very successful, this would place more doubt in the mind of the foreign invertor. The mining sector, after nationalisation, could take a very long time to boast a profit.

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ANC says no to nationalisation Miningreview

Jul 02, 2012 · Godongwana Midrand, South Africa 02 July 2012 In a significant development for the South African mining industry this past week, the research report on state intervention in the mining industry (SIMS) rejecting nationalisation was accepted

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NATIONALISATION IN The Reasons to Nationalise SOUTH

strategic industries are where nationalisation is focussed and downstream and sidestream development focussed. The Beneficiation Strategy of South Africa was not informed by this form of classifiion of sectors but merely by availability of minerals in South Africa. Oligopolistic industries are good targets for nationalisation.

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Nationalisation of mineral rights in South Africa

Nationalisation of mineral rights in South Africa 129 and must be sanctioned for a public purpose or in the public interest.13 In the case of expropriation, compensation must be paid to the person whose property is being expropriated, calculated according to principles of justice and equity specified in some detail in the Constitution.14.

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South Africa says no to mines nationalization MINING

South Africa seems to make "policy on the run'' and government is too easily distracted by minority groups when it comes to firm policy on mining. Take the case of Coal of Africa, they have

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Nationalisation of Mines in South Africa 3122 Words

Feb 16, 2012 · Nationalisation of Mines in South Africa Mining Sector Economics 314 30 September 2011 Abstract The purpose of the essay sets out to look at the concept of nationalisation, research it and discuss whether it is an applicable strategy to implement into South African policy. The importance of the essay is to highlight the future economic

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(PDF) Nationalization and Mining: Lessons from, Zambia

Nationalization and Mining: Lessons from Zambia through nationalisation during the 1960s, and back to private ownership again in 2000 Johannesburg, South Africa, 2001. 127 pp.

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South Africa braces for economic fallout of land

South Africa braces for economic fallout of land nationalisation move The push for a change in the legislation has sparked a fierce debate in the top Industrialised African economy Wheat fields

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The slow nationalisation of the Reserve Bank Moneyweb

Aug 01, 2019 · The South African Reserve Bank (Sarb) is a clear target for capture by politicians intent on spending their way out of trouble. This much is clear

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Nationalizing South African mines: an enonomic assessment

Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidencebased 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

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nationalization of mines in south africa

ANC Study Rejects Nationalization of South Africa Mines, Feb 02, 2012 · A report by South Africa''s ruling African National Congress found that the nationalization of mines, as proposed by Julius Malema, head of the party''s

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The impact of the proposed nationalisation of South

The impact of the proposed nationalisation of South African mines on employment in the platinum sector ii Abstract Many forums have been recently organised in South Africa to discuss the level of State intervention in the minerals sector, the expropriation of private mining companies, and the transfer of mineral wealth to the people.

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Nationalisation in South Africa A debate that will

THE nationalisation of mines in South Africa is a costly, highrisk proposition that should be adopted only as a last resort, an independent panel of experts is reported to have concluded after a

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Notes on nationalisation Moneyweb

Jul 14, 2009 · ON CALLS FOR NATIONALISATION OF THE MINING INDUSTRY IN SOUTH AFRICA. The comments below are not definitive. They are directed towards encouraging research and critical thinking, and represent the

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EFF hurl insults towards "insane The South African

The political opposition and the finance minister are at odds over the nationalisation of the SA Reserve Bank (SARB), leading the red berets to label the ANC man "insane". South Africa

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To Nationalize or Not? The Pros and Cons of South Africa

Nov 19, 2009 · Recent calls by the African National Congress (ANC) Youth League to nationalize South Africa''s mining industry have resurrected a seemingly neverending debate: to nationalize or not. What impliions would nationalization have on the global mining economy as a whole? Pros: Nationalization doesn''t have to cut out the private sector completely.

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nationalisation of minning in south africa

Nationalisation Of The Mines In South Africa Economics EssaySouth Africa is currently engaged in a heated debate on whether to nationalize the country''s mines,

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The impact of the proposed nationalisation of South

The impact of the proposed nationalisation of South African mines on employment in the platinum sector ii Abstract Many forums have been recently organised in South Africa to discuss the level of State intervention in the minerals sector, the expropriation of private mining companies, and the transfer of mineral wealth to the people.

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Nationalization of Mines Free Essay Example EduZaurus

Nationalisation of mines can be seen as either a good thing or bad, depending on each of our believes. The freedom charter singed and conserved in June 1955 (UKEssays, 2015) states that "South Africa belongs to all who live in it, black and white, and that no government can justly claim authority unless it is based on the will of the people."

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South Africa''s ANC rejects calls for nationalization of mines

JOHANNESBURG (Reuters) South Africa''s ruling African National Congress (ANC) has rejected calls from a rival political party to nationalize mines because it would lead to massive job losses, a

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Nationalisation of mines dead and buried News National

The document notes the "robust but still comradely" discussion around nationalisation by delegates, but goes on to make a host of alternative proposals to ensure South Africa''s considerable

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South Africa''s ANC calls for nationalizing central bank

Dec 20, 2017 · South Africa''s ruling African National Congress has adopted a resolution calling for the nationalization of the central bank and land expropriation without compensation, a senior party official

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Nationalisation Of The Mines In South Africa Economics Essay

South Africa is currently engaged in a heated debate on whether to nationalize the country''s mines, the outcome of which will greatly affect the future of the economy as well as the well being of

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On the nationalisation of the mines SACP DOCUMENTS

In some key mineral sectors, notably gold, mining in South Africa has passed its heyday. In recent commodity booms, both immediately before and after the global recession (2007⁄8), South Africa''s gold mines were unable to respond to ris­ing prices with increased levels of output.

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The slow nationalisation of the Reserve Bank Moneyweb

Aug 01, 2019 · The South African Reserve Bank (Sarb) is a clear target for capture by politicians intent on spending their way out of trouble. This much is clear

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Mine nationalisation will be disastrous for South Africa''s

KwaZuluNatal Treasury economist Clive Coetzee has waded into the debate on mine nationalisation, warning that such a move would result in the collapse of South Africa''s economy.

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Nationalisation in South Africa A debate that will

THE nationalisation of mines in South Africa is a costly, highrisk proposition that should be adopted only as a last resort, an independent panel of experts is reported to have concluded after a

Get Price

How Far Can Populism Go in South Africa?

May 07, 2019 · In many ways, Malema embodies South Africa''s dysfunctions. The EFF''s calls for land grabs and the nationalization of mines and banks have found a ready audience in a country with skyhigh unemployment—more than 50 percent of young people are jobless—and stubborn divides between racial groups and the rich and poor.

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South Africa says no to mines nationalization MINING

South Africa seems to make "policy on the run'' and government is too easily distracted by minority groups when it comes to firm policy on mining. Take the case of Coal of Africa, they have

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Mine nationalisation without compensation: Gravity of

Mining minister Mosebenzi Zwane is right to call the new mining charter an important new ''revolutionary tool''. One of its key aims is to benefit the state mining company and help bring about incremental mine nationalisation without compensation. The government claims this will help increase prosperity, but international experience with

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Nationalisation will be the key pawn in this year''s game

Feb 21, 2017 · Nationalisation will be the key pawn in this year''s South Africa''s banking sector has been under fire since the beginning of the year and the public scrutiny shows no signs of letting up

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Mine nationalisation without compensation: Gravity of

Mining minister Mosebenzi Zwane is right to call the new mining charter an important new ''revolutionary tool''. One of its key aims is to benefit the state mining company and help bring about incremental mine nationalisation without compensation. The government claims this will help increase prosperity, but international experience with

Get Price

nationalisation of minning in south africa

Nationalisation Of The Mines In South Africa Economics EssaySouth Africa is currently engaged in a heated debate on whether to nationalize the country''s mines,

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Mining and minerals in South Africa

Aug 16, 2012 · South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry.

Get Price

Nationalisation of Mines in South Africa Essay

This highlights South Africa''s domestic investmentsavings problem. For a country to grow, it has to invest a least 25% of its resources (Keeton, 2011). Should the State government decide to undertake at 50 percent control of the listed mines in South Africa, it would still take an amount of $135 billion.

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Will South Africa nationalise its mines? BlessingMiles

Jul 30, 2010 · It is little surprise that the issues of nationalisation of South Africa''s mines and how to accelerate land reform are expected to be contentious discussion points during the ruling ANC''s national

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Will South Africa nationalise its mines? BlessingMiles

Jul 30, 2010 · It is little surprise that the issues of nationalisation of South Africa''s mines and how to accelerate land reform are expected to be contentious discussion points during the ruling ANC''s national

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Nationalisation: The Boogeyman of Economic Transformation

In South Africa, talk of nationalisation (especially of the South African Reserve Bank) has by sheer manipulation of facts become something of a boogeyman of economic transformation. South Africans, black, white, edued and unedued, are now conditioned to believe that nationalisation

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nationalization of mines in south africa

ANC Study Rejects Nationalization of South Africa Mines, Feb 02, 2012 · A report by South Africa''s ruling African National Congress found that the nationalization of mines, as proposed by Julius Malema, head of the party''s

Get Price

South Africa: Ups and downs in mining South Africa

South Africa: Ups and downs in mining. South Africa Industry Economic News. Simpiwe Tshabalala, the chief executive of Standard Bank, fears that the nationalisation debate will harm South Africa''s growth and job creation prospects. "If the nationalisation debate grinds on for many more months, there will be fewer new businesses, fewer

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Nationalisation of Mines in South Africa Essay

This highlights South Africa''s domestic investmentsavings problem. For a country to grow, it has to invest a least 25% of its resources (Keeton, 2011). Should the State government decide to undertake at 50 percent control of the listed mines in South Africa, it would still take an amount of $135 billion.

Get Price