Why do people keep voting and defending the ANC.

Funny also how you recognise that their needs & fears are different from ours, but when whites said this about blacks it was called racist.
Yes, because it's not about 'blacks' or race.
It's about the needs of the poor and the powerless vs the needs of the wealthy and powerful.

What have the poor got to lose exactly?
 
So currently they get taxed, if the EFF nationalise the mines they reap all the profit which will, obviously, be many times the current tax pool. Maybe the poor mine workers will finally see some wealth from all their hard work...

Except if the mines collapse. Which state-run entities are performing so well that it makes them think having the state take over one of the most important sectors is a good idea?

Aurora Empowerment Systems comes to mind. Wonder if those workers are glad?
 
Mines are ganna collapse, we dont have unlimited gold. Theyre going to start closing down regularly.
 
Which will be even harder if the EFF is in power. And more people will be in that position.

The EFF will never be in power along with all the other small parties that litter the political landscape, some of which some of you vote for. Harping on about one group of populists who are just exploiting the fears of people is no different than the other parties who survive on exploiting your own fears (of the ANC).
 
The EFF will never be in power along with all the other small parties that litter the political landscape, some of which some of you vote for. Harping on about one group of populists who are just exploiting the fears of people is no different than the other parties who survive on exploiting your own fears (of the ANC).

Sure, but how do you reckon those that will vote for them should be informed about why it's a bad idea?

dlk001 said:
The state-owned mining company, AEMFC

AEMFC readies for second mine as losses mount

The financial side of the group’s reporting made for grim reading, however, stating that apart from the R48.4m loss, its total liabilities exceeded its assets by R96.7m. It is able to pay its bills by means of a R240.7m interest-free loan from the CEF.

It's fun when you get bankrolled interest-free by government, isn't it?

Revenue amounted to R86.9m, with some R7.3m income from “other sources”, while cost of sales (R81.7m) and operating expenses amounted to a combined R143m.

Revenue of R86 million compared to AngloGold Ashanti's of US$5 billion... :p

A direct comparison is stupid obviously, but the industry they want to take over is a whole different ballgame to having one company to run.
 
Revenue of R86 million compared to AngloGold Ashanti's of US$5 billion... :p

A direct comparison is stupid obviously, but the industry they want to take over is a whole different ballgame to having one company to run.

Why are you comparing a new coal mine to AngloGold Ashanti? The mine was commissioned recently and is still ramping up production and developing. It actually exceeded its production target.
 
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Why are you comparing a new coal mine to AngloGold Ashanti? The mine was commissioned recently and is still ramping up production and developing. It actually exceeded its production target.

Did you not read the sentence in the post you quoted? :p

Because they want to nationalise the industry... Who do you think they want to take over? Insignificant pissant companies or the AngloGolds and BHP Billiton's?
 
Did you not read the sentence in the post you quoted? :p

Because they want to nationalise the industry... Who do you think they want to take over? Insignificant pissant companies or the AngloGolds and BHP Billiton's?

I gave an example of a State owned mining company that is running a good project Vlakfontein. Their approach so far has been professional. Other state organs can learn from them, including private mining firms.:)
 
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