daveza
Honorary Master
http://www.timeslive.co.za/politics/2015/12/09/Anglo-American-must-fall-EFF
Economics 101 is not big with the EFF.
Anglo American's woes have inspired the EFF to call for government to nationalise the mining house.
"The EFF calls for the nationalisation of all Anglo-American mining assets with a view to stop massive job losses and hunger," the party said in a statement.
Anglo American plans to slash its workforce to 50,000 from 135,000 according to Reuters, a move the EFF says demonstrates that, "private capital is failing to manage the mining business".
"Above robbing the country of its tax base, they now plan to cast more workers into unemployment and hunger, thus transferring the burden to the state and the people’s taxes they have failed to contribute to," the party said.
"EFF calls on Anglo-American to surrender all mining assets to the state with a guaranteed ownership share by the workers directly," the party said.
"The natural minerals they have extracted have only ever benefited the bosses and their families, leaving many towns in hunger and destitution without any development and expansion into manufacturing. Anglo-American must fall!" The EFF declared.
Economics 101 is not big with the EFF.