Nationalisation isn’t the way for South Africa, says Manuel

Nationalisation is not an option for the mining sector, Minister in the Presidency Trevor Manuel said on Monday.

“The minister [Susan Shabangu] was pretty forthright in saying that there will be nationalisation over her dead body. Now you couldn’t ask for a clearer statement than that,” he told the Investing in Africa Mining Indaba in Cape Town.

“The mining sector is so fundamentally important as a platform to construct the [upliftment] transition that we can’t be able to take this idea of nationalisation forward.”

Manuel said the industry deserved policy certainty.

“If some doomsayer comes along and generates another lie [about nationalisation], don’t believe them.”

Government would rather look to partnerships with the private sector to uplift the sector through education, improved working conditions and more rights, he said.

Key issues
Manuel told the indaba that lowered mining output in South Africa could be turned around through investment and employment.

“To reverse this trend [of lower mining output], we have to plan to boost investment and employment in mining by taking account of five key critical issues,” he said.

These were policy and regulation, appropriate taxes, boosted infrastructure, government-corporate partnerships and lowered carbon emissions.

“We have to look again to the mineral sector to be a major part of the plan to generate the resources to build the capability,” he said.

“We need to re-establish South Africa as the centre of excellence in mining technology.”

Rebuilding the economy
Manuel said the mining sector would play a big part in rebuilding the economy after the recession.

“The view of the [National Planning] Commission is to ask the question repeatedly how we can eliminate poverty and reduce inequality.”

He said the sector needed to shed the image that it was uncaring and instead focus on the rights of workers.

The sector had an obligation to uplift the communities in which it mined, through schools, churches and other educational programs.

Companies would see a huge return on this investment with a selection of skilled workers to choose from and a happy workforce, he said. — Sapa

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Related stories


Already a subscriber? Sign in here


Latest stories

South African Federation of Trade Unions membership numbers decline

Saftu general secretary Zwelinzima Vavi says the dwindling numbers are a result of the economic crisis and other factors

Route closure may be extended as talks between Western Cape...

The reopening of Route B97 without an agreement may result in a flood of illegal taxi operators and reignite taxi violence

Red tape is strangling small businesses

People in countries such as Brazil, India and China are two to three times more likely to be entrepreneurs than South Africans.

Can Panyaza Lesufi save the ANC in Gauteng come 2024?

With the Gauteng provincial conference around the corner, West Rand regional secretary Sanele Ngweventsha argues that Lesufi might give them the edge in 2024.

press releases

Loading latest Press Releases…