ANC draft policies have apparently been hurriedly watered down to calm investors who were alarmed by leaked reports.
South Africa’s R3.2-trillion infrastructure stimulus could come at a hefty price after Moody’s credit rating agency downgraded the big five banks.
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/ 17 February 2012
Trade union Solidarity has hit out at the state in a new report, pleading the case for mine ownership to be left in private hands.
Contrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory".
Contrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory".
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/ 10 February 2012
But Glencore and Xstrata executives maintain that they are merely consolidating their business.
The state and ANC are rigorously debating proposals that could force a radical shake-up of the country’s $2.5-trillion non-energy mineral wealth.
But the strategy to boost industry has a major stumbling block: readily available power.
Mining Minister Susan Shabangu has put paid to nationalisation at the Mining Indaba, while outlining plans for a tax-heavy resource nationalism.
Following Malema’s failed appeal and the ANC’s NEC summit, the government says nationalisation is firmly off the table, and SA is open for business.