Pieter van der Zwan, North-West University, South Africa ABSTRACT The landscape of the South African mining industry has changed significantly over the past twenty years and has in recent times attracted attention by calls for nationalization of the industry. One of the proposed areas to address the concerns resulting in these calls for ...

The African National Congress (ANC) policy conference, held in Midrand at the end of June, has finally canned the proposed nationalization of the South African mining industry but mining executives and investors cannot relax just yet.

4. Nationalization as a basis to transform the accumulation path in the South frican economy. 5. Nationalization to transform South Africa's uneven spatial development patterns. The NUM appreciates the ideological basis of the above motivations by the ANCYL, but believes they will weaken the ANCYL position if they are debated in detail. This is ...

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: Why nationalising the mines is not the answer M inus the big hair, crown, and french accent, Julius Malema may well be South Africa's own Marie Antoinette. This is especially true in light of his most recent talk-left walk-right statements concerning nationalisation of mines, a reality he apparently gleamed from President Zuma ...

92 MARCH/APRIL 2001 The Journal of The South African Institute of Mining and Metallurgy Figure 1—Proposed distribution of rents Investor 60% Public 40% Table I Fiscal criteria in the Competitive Investment Framework (1996) Criteria Range (1996) Average South Africa Corporate tax (%) 30–35 33,1 35–40 Withholding tax (%) 0–7,5 1.25 12.5

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

JOHANNESBURG, South Africa — South Africa's mining industry is in trouble: platinum mines are closing, gold miners are looking elsewhere and overall output is shrinking.

After years of debate, South Africa's ruling party African National Congress rejected Thursday plans to nationalize the country's mining sector, but voted in favour of higher taxes in the ...

South Africa says no to mines nationalization - MINING.COM South Africa says no to mines nationalization "As we speak, nationalisation is not a …

Manzolwandle Investments expresses confidence in proceeding with its proposed coal mine on the southern border of Kruger National Park. Andiswa Matikinca reports for Earth Focus Zebra in Kruger National Park, one of the largest game reserves in Africa and one of the biggest tourist attractions in South Africa. Photo courtesy Thomson Reuters Foundation A small...

environment (taxes, royalties) - South Africa's new royalty regime, Ghana's proposed doubling of royalties on mining, Zambia's doubling of some mineral royalties, and South Africa's debate on nationalization are several cases in point7. It should be noted that resource nationalism usually holds negative connotations for industry ...

South Africa mine nationalization 'closest since end of apartheid'. Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa…

President Jacob Zuma squashed more than two years of talk on Friday about the nationalization of South Africa's massive mining sector, saying state control or ownership of the mines …

A Crtitical Analysis of the Proposed Nationalisation of Mines in South Africa in Light of South Africa's International Law Obligations

I have often written, going back a few years, that major global resource companies – scared of the usual suspects, the ANC created regulatory environment, labour blackmail, rhetoric, the total absence of security of tenure, blatant theft of mineral rights and the consequent unacceptably low margins and returns and general insecurity – slowly divesting from South Africa.

THE PROPOSED NATIONALIZATION OF MINES IN SOUTH AFRICA – A CRITICAL ASSESSMENT 1 Clive Coetzee General Manager: IGR Unit Economist [email protected] 033 8974538 "The Brazilian state has assumed the role of an entrepreneur not for ideological reasons, but as a pragmatic means of speeding up the process of economic growth"

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 youth wing, would be unconstitutional and ...

In addition, nationalisation of mines will isolate South Africa from external capital because private investors have been reluctant to put their money where mining companies were nationalised, especially in Africa. Although the introduction of a resource rent tax may be viable in a short term, it is believed that the

Instead of concentrating their operations in the big four gold mining countries – Canada, the United States, South Africa and Australia – companies began to venture into smaller, and often ...

NATIONALIZATION of South Africa s Gold Mining and other mineral industries is becoming a hot issue for the ruling ANC Party even as the country s gold outputRead More; The Revolution in South Africa An Analysis History of Colonization and Formation of the Settler State.

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...

nationalization of mines in south africa shibang chinaAnalysis What would happen to SA if mines were nationa. South Africa s political elite mines nationalization debate for Nationalization is the topic of the moment in South Africa and will likely continue to dominate political debate until the end of when the African National The unemployment rate for the last quarter of was 24 according to ...

Sep 28, 2017· 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.

The South African Freedom Charter of June 26, 1955 & Mines Nationalization. A Post Analysis. Background: On June 1955, Congress of the People in Kliptown adopted The Freedom Charter. The ANC adopted at its annual conference that an all-in representative gathering of the people from all sections of the population must formulate a Charter to…

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 ...

Media release: South Africa PLUMMETS to 37th in global property rights rankings, falling behind Rwanda. On property rights South Africa was ranked 27th overall and 1st in the African region. However, South Africa's score declined by 0.65 from 7,00 in 2017 to 6,35 in 2018. This is the largest decline by any country measured in the index.

The programme of nationalisation represents a shift in the economic policy of South Africa as currently proposed by the EFF. This is a radical policy shift to the left and this often displeases the majority of opponents of the EFF's economic policy …

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.

South Africa says no to mines nationalization - MINING.COM. Feb 06, 2012· The mining sector in South Africa contributes 9.6% to GDP and employs 3.1% of the country's labour force. In 2010 the sector contributed 15.3% of country's exports. A … Read More

There was a shortlived campaign by the ANC's youth wing in 2011-2012 to nationalize South Africa's mines. It was quickly sniffed out by President Jacob Zuma's notoriously corrupt administration.** The main argument South African economists used to oppose nationalization was that it would ruin the South African economy.

Industry expert warning: Nationalizing South Africa mining will scare ... Oct 7, 2010 ... The nationalization of South Africa mining would scare off investors at a time ... investment is needed most to help create jobs, say industry experts. ... "Look at the advantages first before rushing to nationalize mines…

JOHANNESBURG, South Africa — South Africa's mining industry is in trouble: platinum mines are closing, gold miners are looking elsewhere …

JOHANNESBURG, South Africa — South Africa's mining industry is in trouble: platinum mines are closing, gold miners are looking elsewhere and overall output is shrinking.

Semi-structured interviews were conducted with 13 senior managers and executives from the platinum mining industry.The results have shown that nationalisation of platinum mines, where the government has total ownership or majority control of the company, will not create sustainable employment in South Africa.

An adviser to South Africa's new finance minister advocated the state takeover of banks, mines and insurance companies in a newspaper editorial, two …