SA is once again flirting with mine nationalisation. The ANC Youth League has come back to this demand, while former Congress of South African Trade Unions president Zwelinzima Vavi thinks this intervention would meet activist demands for free university education.The ANC Youth League pushed strongly for mine nationalisation when Julius Malema was its president. However, the ANC policy conference in June 2012 decided against it, partly because compensation payments could amount to an unaffordable R1-trillion under SA’s bilateral investment treaties with the UK and 12 European countries.But the treaties have since all been terminated, and the league is again pressing for mine nationalisation. In September, it said there had long been "strategic need for the nationalisation of mines". It also demanded to know when a 2016 bill establishing a state mining company would be enacted, adding: "As soon as it is operational, [this company] must take up ownership and control of [the] greater m...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now