Cosatu: Nationalisation is a given

JungleBoy

JungleBoy

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Johannesburg - Nationalisation is going to happen; it is just the manner in which it will be implemented that needs to be decided, Cosatu said on Thursday.

"If you say business needs certainty to make investments ... this is the certainty you need to have, that what is being discussed now is models," Cosatu economist Chris Malikane said at a debate on nationalisation.

He said the task team established by the ANC to examine nationalisation was not looking at the feasibility of the policy, but was exploring the most appropriate model to implement.

Cosatu had encouraged the ANC Youth League to place nationalisation firmly on the agenda, he said.

Malikane said all the parties represented at the last ANC national executive committee meeting supported nationalisation.

If the ANC task team produced a study that looked at only the feasibility of nationalisation, it would be rejected outright, he said.

Nationalisation referred to state ownership of all means of production including mines, banks and mineral wealth. Compensation would be paid, but not for land.

"We'll have to compensate in the interests of the public, but not in a way that will cripple the South African state... there has to be a balance."

He said land was a natural asset that should be owned by the state and used by farmers, and that no compensation should be given for land.
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:whistle::whistle::whistle:

It is true then that Juju is deployed as a mouthpiece for ANC.
 
If the ANC seriously think nationalisation will work in this country, they're mistaken...

The big money will leave the country, the highly skilled workers will leave....
 
They had a debate about this on SABC 2 on Morning Live yesterday. I thought Floyd Shivhambu was talking crap when he said nationalisation was supported by the ANC.
 
I want to know: Why is this the business of Cosatu OR the ANCYL? Neither of them are running the country, neither of them are a democratically elected body.
 
rainynight65 said:
I want to know: Why is this the business of Cosatu OR the ANCYL? Neither of them are running the country, neither of them are a democratically elected body.
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I suppose both these bodies have representatives in the ANC decision making body (NEC)
 
:wtf:

so much for acting in the best interest of your constituents - i.e. labour

start watching the outflow of foreign capital now
 
I think the DA better start working on their Constitutional Court application to have it ready when it is needed. This will be economic disaster never ever seen before.

Why do they not do this rather? Open a new mines that is owned by government. Or is it just too tempting for you to grab somthing and run it into the ground and robbing it blind for all its worth? Why not open a new state owned bank ....or is it just too tempting for you to grab somthing and run it into the ground and robbing it blind for all its worth?

Or buy a ONE existing mine and PROVE to us you can run it better than a private company. If that mine is still functional and making lekker big proffits for the guavamint and its comrades..then you can buy another one. And I mean BUY!!!!....not grab!!!!
 
ocleroux said:
I think the DA better start working on their Constitutional Court application to have it ready when it is needed. This will be economic disaster never ever seen before.

Why do they not do this rather? Open a new mines that is owned by government. Or is it just too tempting for you to grab somthing and run it into the ground and robbing it blind for all its worth? Why not open a new state owned bank ....or is it just too tempting for you to grab somthing and run it into the ground and robbing it blind for all its worth?

Or buy a ONE existing mine and PROVE to us you can run it better than a private company. If that mine is still functional and making lekker big proffits for the guavamint and its comrades..then you can buy another one. And I mean BUY!!!!....not grab!!!!
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No need to go to all that trouble - you can look at Alexkor right now.
 
Geriatrix said:
So....What's the best, fast and cheapest way to get my money out of the country?
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Multiple visits to the ATM :p

I highly doubt they will push too hard on this .... yet.

Think the state will go the "half-nationalisation" route... Gouvernment has a say but not ultimate control.
 
Albereth said:
No need to go to all that trouble - you can look at Alexkor right now.
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Are they still going? My two uncles used to work for them when we were still living in Springbok. He was based in Alexander Bay as a diver and the other was geologist. Both got retrenched many many years ago and they are both now actually working in a mining operation in Angola earning $.
 
There was an interesting show on TV the other day (can't remember what or where) and Trevor Manual was saying that government just does not have the capacity to take over the mines.
 
Scary stuff - I can't believe that any right minded person can think that this will work in any way.
This feels like a sure way to get rid of a certain ethnic group in SA and cut off your nose to spite your face.
 
I was under the impression that the ANCYL president was not a member of the NEC?

Isn't Gwede always lambasting Julius about the fact that the NEC decides, and not the ANCYL?
 
luxe said:
I was under the impression that the ANCYL president was not a member of the NEC?

Isn't Gwede always lambasting Julius about the fact that the NEC decides, and not the ANCYL?
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He is not an elected NEC member but by virtue of him being president of ANCYL, he sits in the NEC. I think the correct terminology is called ex-officio.
 
Devill said:
Multiple visits to the ATM :p

I highly doubt they will push too hard on this .... yet.

Think the state will go the "half-nationalisation" route... Gouvernment has a say but not ultimate control.
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And we all see how well that is working at Telkom. Company cannot commit to any long term goals, as each year or two it gets a new CEO, and that CEO needs to incorporate his buddies into new deals, etc.
 
Been saying it all along, the ANC have instructed Julius Malema what to say, they have been warning us for some time and we are all just hoping it is going to be ok. :rolleyes:
 
Hear that. That is the sound of more foreign investors running away.
 
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