nationalization of minings in south africa

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 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

Threats to the South African minerals

2010, mining royalty collections, will achieve significant benefit for the country. Mining taxes in South Africa (at R16 billion in 2010) account for about 16% of total company taxes while mining's contribution to GDP is less than 10% (Figure 5). This suggests that mining companies already pay

The Advantages And Disadvantages Of Nationalisation In The ...

The Advantages And Disadvantages Of Nationalisation In The Mining Industry Of South Africa; ... Keywords: nationalization, South Africa, mining sector. ..... Is the nationalisation of the South African mining industry a good idea? Biennial... Read more. State Intervention in Mining is Not Good for South Africa | NGO Pulse.

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 ...

South Africa's ANC rejects calls for nationalization of mines

South Africa's ANC rejects calls for nationalization of mines ... The ANC said in a previous policy document in 2012 that it would not support nationalization of mines but debate over the issue ...

Mine nationalisation will be disastrous for South Africa's ...

Mine nationalisation will be disastrous for South Africa's economy. ... The mining sector also paid R32-billion in direct taxes and a substantial portion of indirect taxes, accounting for 17,3% ...

nationalization of mines in south africa

nationalization of minings in south africa. South Africa: Is Nationalization of Mines for Public, A free market lobby group says nationalizing mines will not solve economic problems but one region of the ...

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:

Nationalisation of Mines in South Africa - 3122 Words ...

Feb 16, 2012· In nationalising the mining sector in South Africa, the State government believes it would have the capabilities of attracting labour-intensive mining industrialists who will process mineral resources and diversify the South African economy. Advantages of Nationalisation Currently in the post-Apartheid era, South Africa hasn't achieved

South Africa's largest union backs mine nationalization ...

Jun 08, 2011· South Africa's National Union of Mineworkers' central committee on Wednesday backed the country's Freedom Charter clause on nationalization and the ruling ANC party's resolution of …

Should mines and banks in South Africa be nationalised ...

For the love of all that is good, NO! I am not going into details, as the information is freely available online, but here is a list of State Owned Enterprises (SOE's) and their track record: ESKOM - Bailouts, mismanagement, corruption, nepotism, ...

Nationalization of oil supplies - Wikipedia

The newly elected Minister of Mines and Hydrocarbons, Juan Pablo Pérez Alfonso, acted to raise the income tax on oil companies and introduced the key aspect of supply and demand to the oil trade. Nationalization of oil supplies was achieved in 1976. Major oil companies operating in Venezuela have had difficulty with the spreading resource ...

nationalization of south african mines

South African Mine CEOs Warned by Eunomix That Nationalization … Jul 31, 2011 · South Africa's ruling party may institute some form of mine nationalization, a step that could throttle investments in the world's biggest …

South Africa mine nationalization 'closest since end of ...

Aug 02, 2011· Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa's ruling party is closer to some form of nationalization …

advantages and disadvantages of ... - BINQ Mining

Nationalizing South African mines: an economic assessment. Keywords: nationalization, South Africa, mining sector. … in the South African economy, (ii) the fiscal risks or benefits of nationalization, (iii) the efficiency of the mining sector … But this model has some obvious limitations. ….

NATIONALISATION IN The Reasons to Nationalise SOUTH …

Strategy of South Africa was not informed by this form of classification of sectors but merely by availability of minerals in South Africa. Oligopolistic industries are good targets for nationalisation. In South Africa there are difficult commodity sectors. The …

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 ...

List of mines in South Africa - Wikipedia

This list of mines in South Africa is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.

Debate on Nationalising the Mines in South Africa

A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated on fulfilling the vision of the Freedom Charter, which was adopted at Kliptown in 1955 as the 'manifesto' of the liberation struggle.

South Africa says no to mines nationalization - MINING.COM

South Africa says no to mines nationalization. Andrew Topf | February 6, ... The mining sector in South Africa contributes 9.6% to GDP and employs 3.1% of the country's labour force. In 2010 the ...

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 never-ending debate: to nationalize or not. What implications would nationalization have on the global mining economy as a whole? Pros: Nationalization doesn't have to cut out the private sector completely.

South Africa minister warns against nationalization of ...

A battle is brewing over control of South Africa's key mining sector. Julius Malema, president of the Youth League of the ruling African National Congress (ANC) has long called for the ...

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 millions of individuals. Nationalization is "the act of taking assets into state ownership.

Analysis: What would happen to SA if mines were nationalised?

Jun 23, 2011· Analysis: What would happen to SA if mines were nationalised? ... (keep in mind that a lot of South Africa's unemployment problem has to do …

Nationalization and Mining: Lessons from

Nationalization and Mining: Lessons from Zambia budget deficit increased to US$150 million. Foreign debt of $2.6 billion had to be restructured. By 1986 a noticeable decline in copper production resulted in the closure of many mining units and led to the implementation of a five-year plan to revive the company8. This was not successful, and by

Industry expert warning: Nationalizing South Africa mining ...

Oct 07, 2010· The nationalization of South Africa mining would scare off investors at a time when foreign investment is needed most to help create jobs, say industry experts.

South Africa: Will The Mining Sector Be Nationalized?

Julius Malema, the controversial former leader of the Youth League of South Africa's ruling African National Congress (ANC) party, has long declared that the country's key mining industry ...